Yeah good close at the high of 2.7c.
For anyone new that's recently jumped on - have a look at DRE's chart - it was 15.5c ($471M market cap) not that long ago, on the back of the Yin REE ironstone(s) discovery.
The share price decline from those highs has been due to the REE/NdPr price decline over the same period.
I wonder how high the share price/market cap would go if/when the NdPr price recovers to the higher levels, especially as since those highs DRE has done a lot of work on the REEs, including:
- making further discoveries
- drilling out a resource from the ironstones of 29.98Mt @ 1.04% TREO (29% NdPr: ~50% higher NdPr:TREO ratio than the world average) (resource is from drilling out only 4km out of 43km of ironstones)
- putting out a 100Mt REE Exploration Target on the ironstones
- discovering the 17km long carbonatites (source of all the ironstone mineralisation in the area)
- doing wide-spaced drilling on carbonatites to test their extent
- drilling out a quick 10.84Mt @ 1.0% TREO resource from the carbonatites
- getting up to 77m @ 0.7%/30m @ 1.0% from 16m depth hits of Niobium mineralisation at the carbonatites
And that's just the REE/Niobium at one of their projects - plenty of irons in the fire/discoveries to be made and/or confirmed with current drilling and the drilling to follow it.
Good to see WA1 also close 27% up today (Wednesday) and on its high (market cap now $1.269B - an increase of $274M just today, and likely going higher tomorrow) - not bad for an explorer that's yet to put out a maiden resource.
Hopefully WA1 gets taken over early/soon and some of that money moves over to DRE (or before takeover will also be fine)!
For comparison (per below image/green highlights), DRE's carbonatites are about 4-5 times bigger than WA1's, and DRE have scattered drilling results/hits of Niobium over most of that 17km, from their recent wide-spaced, first pass drilling.
And there's also drilling result hits of Niobium 5kms away from the carbonatites (9m @ 1.0% Niobium, 18m @ 0.7% Niobium) at the ironstones, and there's also Niobium rock chips ~10km SE from those hits (15.2% & 12.9% Niobium).
Anyway, we'll see what DRE's upcoming targeted Niobium drilling shows up!
Cheers,
GB.
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2.4¢ |
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Mkt cap ! $84.31M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $74.15K | 3.124M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1344387 | 2.3¢ |
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Price($) | Vol. | No. |
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2.4¢ | 294997 | 2 |
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No. | Vol. | Price($) |
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13 | 2550794 | 0.022 |
6 | 1760236 | 0.021 |
12 | 7141995 | 0.020 |
9 | 6170629 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 294997 | 2 |
0.025 | 533696 | 3 |
0.026 | 1356347 | 5 |
0.027 | 1772467 | 4 |
0.028 | 1801375 | 5 |
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