Yeah good close at the high of 2.7c.
For anyone new that's recently jumped on - have a look at DRE's chart - it was 15.5c ($471M market cap) not that long ago, on the back of the Yin REE ironstone(s) discovery.
The share price decline from those highs has been due to the REE/NdPr price decline over the same period.
I wonder how high the share price/market cap would go if/when the NdPr price recovers to the higher levels, especially as since those highs DRE has done a lot of work on the REEs, including:
- making further discoveries
- drilling out a resource from the ironstones of 29.98Mt @ 1.04% TREO (29% NdPr: ~50% higher NdPr:TREO ratio than the world average) (resource is from drilling out only 4km out of 43km of ironstones)
- putting out a 100Mt REE Exploration Target on the ironstones
- discovering the 17km long carbonatites (source of all the ironstone mineralisation in the area)
- doing wide-spaced drilling on carbonatites to test their extent
- drilling out a quick 10.84Mt @ 1.0% TREO resource from the carbonatites
- getting up to 77m @ 0.7%/30m @ 1.0% from 16m depth hits of Niobium mineralisation at the carbonatites
And that's just the REE/Niobium at one of their projects - plenty of irons in the fire/discoveries to be made and/or confirmed with current drilling and the drilling to follow it.
Good to see WA1 also close 27% up today (Wednesday) and on its high (market cap now $1.269B - an increase of $274M just today, and likely going higher tomorrow) - not bad for an explorer that's yet to put out a maiden resource.
Hopefully WA1 gets taken over early/soon and some of that money moves over to DRE (or before takeover will also be fine)!
For comparison (per below image/green highlights), DRE's carbonatites are about 4-5 times bigger than WA1's, and DRE have scattered drilling results/hits of Niobium over most of that 17km, from their recent wide-spaced, first pass drilling.
And there's also drilling result hits of Niobium 5kms away from the carbonatites (9m @ 1.0% Niobium, 18m @ 0.7% Niobium) at the ironstones, and there's also Niobium rock chips ~10km SE from those hits (15.2% & 12.9% Niobium).
Anyway, we'll see what DRE's upcoming targeted Niobium drilling shows up!
Cheers,
GB.
- Forums
- ASX - By Stock
- DRE
- Ann: Drilling Extended for Nb-REE and Cu-Au Targets
Ann: Drilling Extended for Nb-REE and Cu-Au Targets, page-56
-
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $91.34M |
Open | High | Low | Value | Volume |
2.5¢ | 2.6¢ | 2.5¢ | $136.1K | 5.320M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1656885 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 863587 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1656885 | 0.025 |
6 | 2576419 | 0.024 |
8 | 3840046 | 0.023 |
7 | 3898250 | 0.022 |
10 | 3155879 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 863587 | 5 |
0.027 | 1671367 | 4 |
0.028 | 606837 | 3 |
0.029 | 2129189 | 11 |
0.030 | 2473878 | 13 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
DRE (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online