While $120k might not seem like a lot when we are used to seeing millions mentioned in cashflow reports and capital raises etc., is a very positive sign IMO. Think of the 200+ exploration companies both private and on the ASX who hold land positions and assets in WA and the many companies who applied for these EIS grants. They chose us, because the project has outstanding potential. The DEMIRS have all sorts of savvy people with geological, engineering, finance backgrounds who make these decisions for the best interests of the state with potential future royalties in mind. It is not just the news of the $120k I am interested in (although every cent helps), it is the decision making by the government proving what a quality asset this is.
DRE Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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