Ann: Nine Orion Look-alikes from Auger Program, More to Come, page-91

It is one thing for a company to want to acquire another company, it is another to convince others to sell. Management dont just sell out at a higher price. DRE management own approx 10% plus of the stock. It would need to be well above the current price. Closer to 24c with some more drilling. How does anyone value the other assets? Its obvious that DRE has serious scale and grade. A major can wait until the resource hits their magic number and then step in with no risk. Twiggy and Gina have both stepped up as the resource is now sorted. DRE is about to get its first JORC. The only real chance is for someone to acquire the REE assets on their own. That is possible, but the management would have zero desire to do that at such an early stage. The drilling is only just getting started. The register is wide open to accumulation if a player wants in. A fund or corporate could buy 5% in the market. That is 150m shares and that is very possible. if you think its going to 30c, then 15-20c is very cheap. It would also clean out all the flippers and underpin the stock. I think that is very likely next year imo. It could happen after the JORC for all i know. It would have completed its first JORC, shown the carbs are mineralised, exposed more of the Y8 and Sabre upside. The value of the other 100 targets is anyone's guess. DRE could easily see a strategic player wanting to hitch a ride. The other main REE projects have dont just that. You normally do that with a placement or JV. DRE has already completed one with First Quantum. The Chairman of DRE/BC8 tends to put money away to sophisticated investors or funds. The public might not get a look in moving forward now this has moved up the food chain. Management have already stated that they want to drill the living daylights out of the project next year, so there is our clue. Sit tight and wait for the roll out to come. Xmas tends to get in the way of the big picture for most companies. I tend to take advantage of that. 2022 has been a good year and 2023 should be a very good year. Just an opinion.