DRE 5.88% 1.6¢ dreadnought resources ltd

(a bit of a) Summary, page-78

  1. 1,961 Posts.
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    Thanks Green Bull,

    great summary. one point i like to add is the scale and the unexplored potential areas within the currently owned tenants by DRE. i am only going to focus on Mangaroon REE however each area is the same. DRE has only sample 2 areas as detailed in pink below and discovered a potential 2.5km deposit, the grey areas are still to be tested and the area to the south east has yet to be explored. The DRE team was quick to apply for new tenant north of the Yin discovery. These areas are huge and to me there is a very good chance to find another and multiple 2.5km+ REE outcrop.

    https://hotcopper.com.au/data/attachments/3398/3398014-c5f51ff3d0e821278efb4f980ff76fb7.jpg

    https://www.google.com/maps/d/u/0/viewer?mid=1eGz44S4JVbPOU0_nWhMzT8UTRQnMkr71&ll=-23.626926276492565%2C118.93111538034648&z=5

    I will say it again, Outcrops are totally understated. mineralisation on the surface. if the results are good, which i expect them to be based on HAS deposits because our rock chips are the same as HAS, no overburden, massive unexplored potential.

    For each of Green Bulls points above, each one has a lot more potential and a hard working management team putting +85% of funds into the ground to find value to Shareholder (which includes them). Dean actually pays himself below market average.
    https://hotcopper.com.au/data/attachments/3398/3398016-8d00bf799949192deb65b5dde6dbf49a.jpg
    https://hotcopper.com.au/data/attachments/3398/3398017-32645a32cb0bc93810436286aaa5e4cc.jpg
    with the current SP of +6c, this is still cheap compared to other companies
    Last edited by Fridayme: 26/07/21
 
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