Iluka should try and buy DRE while they can or do an off take. Might be too early for management to want to do a deal. DRE is their best option. Only a matter of time before someone steps on this imo. Its toooo valuable with scale. Buy the dips.
On WA Resources news.
The WA Resources grade on that carbonatite is a joke in comparison to DRE. I would imagine thats far from economic. They get 54m at zip and DRE gets 54m at over 2% in the iron stones alone. DRE's grade is about 6x and thats far from there best hole. I suspect it will pop and drop hard at some point. Just use the word carbonatite in there and go hard for a day or so. Everyone reckons they have carbs these days.
Ann: Broad, High-Grade Assays at Yin REE Discovery - Mangaroon, page-120
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