Just a thought.
DRE will only need to deal with the obvious mineable high grade iron stones and carbs imo. They have more than enough of that not to be worried about complex clays. The iron stones don’t have any of the nasties in them either. HAS are the same. Stick to the basics.
If the carbs were insanely complex, why bother! Just keep drilling out the iron stones and get the equivalent of a large carb anyway. They have the privilege of having what it takes now imo. This is a simple scenario for DRE.
These guys could be drilling out here for years if they wanted. 4 plus rigs next year is a clear sign of the scale they see. They have walk up klm’s at YIN alone and another 100 plus targets.
So
- Someone buys it outright.
- A major cornerstone or strategic comes in at a project level or on the register. (I noticed Chalice is after this now). HAS just picked up Twiggy.
- They produce a concentrate which is an easy cheaper plant and sell the concentrate locally or OS to one of the numerous processing plants.
All the other assets to go the same way. Drill them up and put them in a pretty box and sell them. Keep it simple. They are explorers no 1. Having a clear vision and sticking to it is what markets want to see. Management understand this.
The gold and iron ore could be relatively quick sales to mitigate any further share dilution.
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