Desert Metals is now cashed up and we just need to wait to see if the drill rigs will get back to Innouendy before Christmas or after Christmas.
Either way, the Significant Rare Earth Discovery has been made, all the company needs to do now is validate the thicknesses/consistency and grades/recoveries between the 21km - 2.5km wide confirmed.
At some point, an ASX announcement will trigger a rerate of DM1 by institutional investors, who will rerate DM1 and the share price will lift to new all-time highs.
In today's AGM Presentation, the Rare Earth Clays at Innouendy have been between 8metres and 48metres thick, with some zones up to 80metres thick. Let's assume the majority of the 21km by 2.5km footprint (52 sq kms) is only between 8-48metres and ignore the thicker zones. (See presentation slide below)
Even if we take a conservative thickness, eg if the Rare Earth Clays at Innouendy are only ave 15metres thickness over the 52 sq kms, that still equates to 1.26Billion Tonnes of REE Clays.
Now with that, let's compare DM1's Tonnages with various Rare Earth Clay Tonnages to the other REE Clay Deposit Explorers and Developers below, which have much larger market capitalizations.
GLTA DM1 Shareholders
DM1 Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
