Ann: Finding More Gold, Faster, page-174

First 174 Last

Share
Profile

Follow
Cpago55

3,188 Posts.

783

20/05/25

08:12

Post #: 79108646
Share

Originally posted by Green Bull: ↑

"I was further wondering some similar e amples of active mines that could be used for reference. DT normally provides some in his uodates but not so this time"

DT has provided (in a few of the pressos/interviews) RMS and its Wattle Dam deposit/mine as an example of a similar deposit/mine/company story.

Similar deposit type/size, which started as a 13,500oz deposit (6 month mine life, $10M free cashflow), which RMS was going to use to become a self-funded explorer (bit like DRE, hey).

Turned out OK, and it took RMS from a MC of a few million dollars to making (self-funded) discoveries in the area/under the pit, buying it's own mill from the profits, paying dividends, $100M+ in the bank, etc.

That's how DRE is hoping it will play out for them too.

Also, gold price at that time was AUD$800/oz - currently it's $5,000.

There is no better strategy/game plan/whatever you want to call it, than what they're currently doing - develop/mine the ounces and have ongoing funds from that mining for exploration (and hopefully some nice dividends too), as well as raising that $10M for discovery exploration between raising it and mining cash/profits arriving into their bank account for further exploration, which will allow them to explore for that life-changing discovery (or two).

Cheers,

GB.

Expand

I do remember those references but read them as self funded ref not the nuggety gold clarification i was asking about.

The feedback and conversation on risk of nuggety v alluvial has been very good, so thanks for your comments.

I will now await the assays and offical geo updates from DT. Hopefully they will put support under the sp as we nove forward.

DRE Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

First 174 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $50.79M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.0¢	$126.3K	11.49M

Buyers (Bids)

No.	Vol.	Price($)
46	13703435	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1511232	4

View Market Depth

No.	Vol.	Price($)
45	13603435	0.010
39	16051659	0.009
42	17254368	0.008
9	1870173	0.007
6	983999	0.006

Price($)	Vol.	No.
0.011	1511232	4
0.012	3687767	8
0.013	4525500	12
0.014	4103377	15
0.015	1268925	6

Last trade - 16.11pm 28/07/2025 (20 minute delay)

DRE (ASX) Chart

Ann: Finding More Gold, Faster, page-174

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Finding More Gold, Faster, page-174

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News