DM1 0.00% 2.4¢ desert metals limited

Ann: Commences RC drilling at Podio prospect, Tengrela South, page-18

  1. 3,942 Posts.
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    Agree, I have also been increasing my exposure over the last few weeks. (First time posting on this thread).
    I think the upcoming sampling but moreover drilling programs are quite interesting.

    Anytime you're drilling into alluvial workings the risk verse reward for decent hits is significantly increase.

    I suppose there's also a strong level of confidence given the leadership team present. Not exactly the type to take on a 5M EV company unless there was strong degreee of confidence in the tenement holdings and the potential gold it holds. The registry is also quite interesting - there's seemingly a decent amount of long term respective names on the major holding.

    I'm not really a technical guy which for those who follow will know, however i do find them fairly astutely decent for indicative markets for increasing/decreasing exposure.


    DM1 Daily.jpg

    Certainly looks like a break of that consolidation zone. I think 4c is the shorter term target.
    Then it's pretty interesting above 4c
    DM1 Fib.jpg
    noting that even at say 10c we're talking 20M MC - which i guess makes a fair bit of sense.
    Once the drill results come back we'll have a much better understanding on just how much the upside looks like as good or great results and we of course need to re-evaluate entirely. But MC seems quite low for prospects, alluvials and the team. Just my opinion though.

    Hope everyone is well.

    SF2TH
 
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