पोस्ट करनेवाले : JP2020
| Price when posted : BSE: Rs. 41.05 NSE: Rs. 41.20|
GOLD - A exciting long term safe haven investment theme - GOLD - A exciting long term safe haven investment theme for uncertain times - Why I am bullish on Deccan Gold Mines Ltd?
DGML has first rights for developing Gold Mines in most promising prospects in India. Its only listed Gold Mining company in India. DGML have 15 PLs, 3MLs at various stages of approval and numbers are going to increase further after merger. They have solid in depth knowledge about entire Archaean Western Dharwar Craton. I am extremely confident about future.
After grant of Ganajur ML there will be no looking back for DGML and company will become bigger and better. Now question is whether they are sitting ideal till they get LOI certainly not,
1. They have already started working on Mining Plan which would be submitted to Indian eau of Mines as per Rule 22(4) of MCR-1960 once the Letter of Intent from the State Government is obtained. 2. DGML also completed the Environmental Base line data studies which will be part of the Environmental Impact assessment (EIA) and Environmental Management Plan (EMP) of the Mining Plan.
3. DESPL has received a Government Order (G.O.) after the State High Level Clearance Committee (SHLCC) cleared. DGML request for allotment of 200 acres of land for the Ganajur Main Gold Mining and Ore Processing Plant. The G.O.has approved DESPL`s request for additional 55 acres of land from 145 acres to 200 acres at Ganajur Village in Haveri District, Karnataka for the proposed gold mine and processing plant. The G.O. has also facilitated land acquisition process through Karnataka Industrial Areas Development Board (KIADB). I think DESPL has submitted the application to the KIADB but not sure. DGML has also entered into a long term lease agreement with land owners of the proposed gold mine that would be of help at the time of land acquisition....