My sincere apologies for not replying to your post faster. I didn't realise I was obligated to do so, and in such a short time.
I stand corrected, indeed, CHN hasn't completed a feasibility study yet. I should have said scoping study. Doesn't change the point I made at all though. There is an underlying expectation that with each result the SP should jump. Perhaps it is simply fair value now even when the indicated/proven resource becomes larger. If you can't get it out of the ground, what is the knowledge of having resource worth. Using the ATH of CHN as an indicator of DRE current expected value, rather than current value, indicates in some way the risk you are willing to take, rather than expected current value of DRE right now.
All IMO
My sincere apologies for not replying to your post faster. I...
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $77.28M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.2¢ | $69.08K | 3.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1765782 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 286363 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DRE (ASX) Chart |