There was a big wave of new shareholders (and pretend ones hehe) that came on after the Rare Earths discovery.
I am not sure if any/all of these holders know much/anything about DRE's Kimberley project (today's Ann & SNAPSHOT page has most of the info):
- Kimberley was (still is?) DRE's flagship project that they listed/RTO'd on
- Company that DRE acquired the project from beat Rio Tinto to getting the project
- project within the Govt/Defence Reserve
- off limits to exploration since 1978 (due to Govt.)
- half of all mineral discoveries in Australia were found after 1978
- last exploration at Tarraji (Grants & Wilson prospects) was undertaken by the legendary late Roy Woodall himself with WMC (BHP) in the late 1950’s
-- Roy went on to discover 150+ mineral deposits worth trillions of dollars (yes, actual numbers, Google him & his discoveries)
Also, DRE's share price was at/higher than current SP on Kimberley exploration, before any Rare Earths drilling, let alone REE discoveries/resource.
Kimberley project's Orion discovery had results like:
- 16m @ 2.2% Cu, 6.6g/t Au, 38.7g/t Ag, 0.4% Co, from 83m (i.e. 16m @ 13.4g/t AuEq)
So, 13 Orions/look-alikes, gets us long-timers a bit excited.
Cheers,
GB.
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