Ann: Trading Halt, page-44

So, trading halt "pending a release regarding exploration results".

Results from both RC drilling at Longmore’s Find and Black Oak are due mid-October.

They drilled Longmore's first then Black Oak, but drilling didn't take long so halt could be either for Longmore's or for Longmore's + Black Oak.


I've said before; I'm not sure what to expect from Black Oak (so I'll expect nothing as they're first pass drill holes (but I'll hope for something/anything)) but Longmore's is similar to Metzke's so I am hoping that these first ever RC drill holes into Longmore's return something similar to the Metzke's maiden drill results of:








If they get something similar to the above then we've potentially got another Metzke's on our hands and with another drill program at Longmore's, it'll be at the same stage where Metzke's currently is.


Metzke's is currently valued by the market at $40M-$50M?


So double that if Longmore's is another Metzke's (ie. matches above maiden results from Metzke's from this Longmore's drill campaign, and then matches the latest/current Metzke's results with another drill program) - so another $40m-$50m valuation after current and another campaign, and say half of that $20m-$25m at this stage (for matching Metzke's maiden results, assuming it does so).


If Longmore's first ever results are better than Metzke's maiden drill results (per above) and they're as super good/as good as the current Metzke's results, then we get the full $40m-$50m valuation straight away?


Current Metzke's results are:







Then if Black Oak gives us anything, we add a bit more valuation to account for that too!


And then we realise that they have 2/3 separate discoveries (or one really large one?) and that the valuation should start reflecting this.



And then we remember that they own a whole greenstone belt, with 75km of strike, and that the current area of focus is just 3 areas of a few hundred meters each, within a "tiny" 12km (out of the 75km) Metzke's gold corridor (per green & yellow boxes + Black Oak):











And you start thinking "crazy" things like: what's between Metzke's and Longmore's and is that whole 7-8km, in-between the two, mineralised?!



Anyway, might be getting a bit carried away, haha, but this team has built multi-billion dollar companies before and everything seems to be falling into place for DRE, so who knows!


See how we go tomorrow (or day after) with the results and take it from there.


My guess is that if Longmore's comes back Metzke-like, then they will shift all focus to Illaara and drill the crap out of it and give us the usual 1+ announcements per week, except they will all be drilling results and then a resource, and growth, etc (they should anyway, if you ask GB! ).


Cheers,

GB.