24c price target., page-22

Welcome aboard mate

Nothing is certain - and the SP will fluctuate with market winds - but by Christmas I expect DRE to be much higher than your buy in price. Many a time I have bought a stock and had it drop immediately, leaving me in the red - but in most instances things turned around. I only sell if I think a SP drop is based on a genuine and long term hit to the underlying value of the company.

In my opinion (not expert, but I have been doing a lot of my own research) - the latest assays from Yin have confirmed that DRE already has a major resource here. With the addition now of Sabre, where they also expect to produce a JORC, it is looking very significant indeed and likely to exceed what Hastings has next door. Even without the Carbonatites I think the current SP is justified. If they do turn out to be the regional REE source it will be a world class find.

So for me, today's SP looks cheap. And that's before I consider the increasing likelihood that the FQM JV at Mangaroon will become a commercial find for Ni; the possibilities of selling the iron at Illaara, or proving up commercial Lithium with the pegmatites there. And then the. Terraji-Yampi ground which Dean is comparing to Mt Isa and Tennant Creek. Copper, Nickel, PGE's....

The potential upside - though still highly speculative - is truly vast. And so much of what they are doing is in elements essential for a renewable energy economy.

But yeah - nothing is risk free and I'm not betting the farm on this, though I am heavily invested. So good luck to us all.

Cheers

Dave