I mean at one point I would probably consider 250 million market cap a lot. But all the money seems to be flowing into battery metal stocks of which rare earths play a part. The asx currently has plenty of development stage stocks like LKE and SYA trading at market caps of 2 billion dollars. They aren’t earning a cent yet..
I couldn’t see DRE maintain a market cap of 300 million off the Sulphide systems alone, but with the right rare earth discovery of ionic clay here in Australia I could easily see it at double if not triple the current market cap before being fully developed.
Guess I’ll have to keep an eye on this one.
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Mkt cap ! $56.07M |
Open | High | Low | Value | Volume |
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50 | 6765426 | 1.5¢ |
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12 | 3222095 | 0.014 |
3 | 1520999 | 0.013 |
7 | 3944840 | 0.012 |
2 | 2300999 | 0.011 |
Price($) | Vol. | No. |
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0.016 | 1761329 | 5 |
0.017 | 2322879 | 10 |
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