DRE dreadnought resources ltd

Ann: Appointment of Non-Executive Director, page-2

  1. 3,447 Posts.
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    The start of what DT announced at RIU? Probably.

    Rob is an experienced hydrometallurgist and technical manager with over thirty years’ experience in the resources and battery chemicals sectors, with a significant focus on critical minerals extraction in recent years.


    At the conference the hiring of people to facilitate possible production was announced as a second option. In subsequent talks with DT he talked about production but that was not included in the talk. Obviously hiring people such as Rob Gee means they are looking at production but studies are cheaper than the final expensive product.

    Companies wouldn't do this if they didn't consider there was a reasonable chance of success. First finding enough product to support going to another step. Studies will give some idea of how feasible going further may be. Hopefully all the way.

    DRE's BOD must have some handle economic metrics and are acting on plans, already in place, to proceed.

    @2ic has a different view on metrics - IMO well presented if controversial.
    Only time will tell.....

    Yin is very likely to be a cash cow if the processing and sales contracts are OK.

    Bring on exploration of the other ironstones - 40Ks, and probably more to be found. I HOPE the ET metrics hold up for these. If they do then probably good for DRE.
 
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