DM1 has not produced meaningful leachability test results for its REEs. Instead, it has produced strong acid lab test results that do not apply to mining. DM1 has not shown that its nickel is sulphide. Given the shallow depth of the nickel it is likely to be laterite rather than sulphide imo. Nickel sulphide deposits are typically found deep underground, in comparison to laterite deposits, which are found near the surface. The low grade nickel resource is completely worthless if it is a laterite even if higher grades are found in the next drilling campaign, DM1 could and should have tested it's REEs and Nickel 6 months ago as an important step to derisking the project. These are cheap tests, $400 for the REE leachability test, $1,000 for the nickel analysis. While all results are called outstanding by the company this is not correct. So far the results are low grade and non commercial and they cannot be outstanding without the proper metallurgic testing.. IMO investors need to look past the hype to the high risk reality.
My Opinion DYOR
DM1 Price at posting:
24.0¢ Sentiment: Sell Disclosure: Not Held
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