DRE dreadnought resources ltd

ATEAM or the DREam Team? Honestly they're the best explorers...

  1. 5,982 Posts.
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    ATEAM or the DREam Team?

    Honestly they're the best explorers I've been along the ride with.

    Compare how many discoveries they've made since IPO/RTO, with any other companies, and you'll see what I mean (REE, niobium, gold, base metals, they've discovered it all, from scratch - and have that world-class REE deposit/project with a bow on it, waiting for the metal prices to bounce so it gets its full valuation).


    Kimberley was the listing flagship project, but since the world-class REE discoveries, I think everyone can agree that Mangaroon took that spot then.


    Mangaroon:

    - is more than 10 times the size of Kimberley

    - is much closer to civilisation

    - has much easier and quicker access

    - has already produced many discoveries (REE ironstones, carbonatites, Niobium, VMS, Ni-Cu-PGE, Gold)

    - can/will attract Majors to the project (Ni-Cu-PGE), and sell off/deal assets (REEs)

    - already has mining licences for their gold deposits/targets

    - will give the Company mining/gold production within 9-12 months, which will give them profits/fund all their exploration and won't need any more CRs (sounds too good to be true - can't imagine what the best exploration team achieve with a pretty much unlimited amount of funds for them to use on exploration (ie. Star being mined first, then Popeye, then....)


    And they can't work on 3 big projects themselves in this crappy market for juniors (although Mangaroon just by itself is many multiples of the size of most juniors' projects portfolio), so they're working on securing (good) deals for the Company on the other projects.


    And if the above wasn't enough, and if I/we didn't know what was going on/weren't receiving any communication/information from the Company, I would still trust them to do whatever they're doing as they've put in $6.8M of their own cash into the Company and have more to lose/win than all of us, are currently down on their investment and will want to make money on their investment.

    And Board/Management having a track record like not many others (many deals, takeovers, juniors-to-producers) also helps me sleep at night - wish I could say that for my other holdings.


    I'm sure others can add other things/comments/thoughts to the above as that's all just quickly from the top of my head, and I'm sure I've missed a lot of things.


    Cheers,

    GB.
 
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