Blue chip, the best thing to do is search for DRX under Macrae12 - it should come up with all of my posts on her. I am well down on her, but with the fall of the AUS$, the tightening of the zircon markets and as ILU states, the demand and price of zircon being pressured upwards in 2009 through future purchase orders, DRX is well set to capitalise on one of the sectors of our resource industry that was forgotten about in recent years.
The scene is definitely set at 9c - IMO, they have plenty of cash to complete their drilling in the Eucla, and given ILU's enormous structural design on the area, we should be sitting very well. By the looks of recent accumulation by one in recent months, I am no orphan.
You are very lucky IMO to be given the opportunity to buy her at current levels.
DRX Price at posting:
8.8¢ Sentiment: LT Buy Disclosure: Held
