DRE Chart, page-889

Hey mate, you saying it can go $400M MC (like HAS), just on the Rare Earths?

Real (as opposed to pXRF) results due any day now, and if they're even half as good as the pXRF ones, then that'll still give DRE the same results from the first ever line of drilling, as HAS got from about 14 years of drilling, on their side across the fence.

Then there's the carbonatites which could be "the source of the ironstones in the area" (i.e. including HAS's $400M deposits).

Even without the carbonatites, if the results come back anything close to the pXRF and then get more of the same, then DRE should easily have more of (and at a much better grade) than what $400M HAS has?


Dean also mentioned at one of the recent pressos that the Nickel JV, "if it turns out to be anything like Eagle in the US, or even a fraction of Jinchuan in China" (which he's comparing it to due to many similarities), "then that'll be worth billions" (and x 30% of that to DRE = plenty).


And then there's the Kimberley, which is the flagship asset/project and it's starting to give the results that we all hoped for (i.e. Orion: 16m @ 6.6g/t Au, 2.2% Cu, 0.40% Co, 38.7g/t Ag from 77m) and Dean has mentioned in the recent presso(s) that they're looking forward to confirming that it'll be a camp there, with Orion, Grant's & Friends. What could/will this end up being worth?


But wait there's more (lol): the Iron Ore has been negotiated on for a while and they've reduced the 3rd party royalty on iron ore production, and now they've drilled some more holes for proof of concept, and the other party is ready to "pay DRE what they're asking" but wanted proof of concept/the extra drilling done. How much will they get from this?

Metzke's gold resource will be out shortly. Will be a small, shallow and high-grade (i.e. 7-10g/t Au) resource that can easily be monetised. How much will they sell it for/make from a share mining arrangement with someone in the area (Major goldie RMS looks like a good candidate, with mines in the area, and also being one of DRE's biggest shareholders helps).

Then there's the VMS, Nickel, Lithium, etc potential from Illaara, and more of the same from the recently acquired grounds from AMD.


And Mangaroon is about 5,000sqkm and they've barely done any work there as they've been busy with the Rare Earths & Nickel JV (i.e. haven't really done anything on the gold (i.e. Diamond's gold mine which the pastoralists had producing for them at an ounce of gold p/t)).


Anyway, so much work being done (as usual), so many things on the go, and so many results to come back from the lab - surely DRE is responsible for delaying everyone's results at that lab due to all of the work that they lined/parked up at the lab.

But rushed Rare Earths results should come out any day now, the rest will come when they come - and I'm sure we'll get more pXRF results (assuming the first ones end up being pretty accurate) and/or drilling updates on the Rare Earths and how they're tracking and what they're seeing - there's 200+ holes being drilled after all.


Cheers,

GB.