It does appear DRE are following other 'new energy' metals as is shown in the Li. graph below.
As well as Li. price dropping ~ 50% recently, Cobalt has also dropped ~ 50%. Cu. has dropped 20% as well. Does this make DRE's REE's a bad investment atm?..... I think not. To think that the Yin deposit is a dud or wont get off / out of the ground is like saying Li. is finished . There is a huge future for all these metals and the miners of them. We are are very fortunate the BoD in their wisdom raised when they did. $20M will go a long way atm to define the resource for Yin & co. 'New age renewable metals' will be needed for the future electrical transition and DRE have what it takes to supply those needs. As Jamie Dimon CEO and Chairman of JPM said a while back..... "we are not facing a financial storm.....it's more a hurricane".
DRE are very well funded for this year..... the good ship is facing strong headwinds, but the 'storm' will pass. Good luck everyone.
DRE Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
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