Australia's largest stock trading and investment forum Australia's #1 stock forum

DRE

Click for more information

0.00%

1.7¢ dreadnought resources ltd

Any ideas on what is costs to one and process this stuff...at...

First 65 Last

Share
Profile

Follow
3blindmonkeys

40 Posts.

8

09/10/24

16:30

Post #: 76048422
Share

Originally posted by PJL100: ↑

I'm not a holder, did have a bid in this morning at1.7c but pulled it after doing some more reading and getting some thoughts from a well known and respected geo contributor on the ENR pages, @salpetie, hear are his initial feelings(there's more info on the ENR page but do you own reviews)
Off the cuff summary
Reasonable size and continuity for Stinger.
Initial surface projected area for Stinger ~~~550,000 sqm at say 40m vertical 1%+-grade and 1.7 SG ~~40 mt.
Bulk grades between 0.7 to low 1% Nb2O5.
Local minor zones to 2% (4m @2% maximum I noted)
Top of zone 50m
Best grades closer to 100m or 70-90m vertical
Hole 201 ended in "mineralisation".
Confirmation of possible Nbx enriched dyke.
Early days.
Thoughts
Stinger alone is not equivalent to Luni in grade or size but in a better location so swings and round abouts for relative economics if the bulk volume grade numbers hold up.
Back of envelope calculations Stinger c40Mt at 1% Nbx, Multiple zones for ENR at mostly 2% plus ~15Mt. Treat this line with caution and DYOR.

Expand

Any ideas on what is costs to one and process this stuff...at USD$45000 per tonne , this looks like a company maker provided costs do not cut its legs out

DRE Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

AHK

Ark Mines provides strategic update following mining lease submission

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

RCE

Recce progresses testing of gel to treat bacterial skin infections

There are more pages in this discussion • 4 more messages in this thread...

First 65 Last

Add DRE (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $63.79M

Open	High	Low	Value	Volume
1.8¢	2.0¢	1.7¢	$376.1K	20.24M

Buyers (Bids)

No.	Vol.	Price($)
10	2214739	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	852727	5

View Market Depth

No.	Vol.	Price($)
10	2214739	0.017
33	5663680	0.016
35	9235601	0.015
12	2565761	0.014
5	1790730	0.013

Price($)	Vol.	No.
0.018	805466	4
0.019	5138368	8
0.020	3567760	14
0.021	1284093	5
0.022	1552500	5

Last trade - 16.10pm 09/10/2024 (20 minute delay)

DRE (ASX) Chart

SPONSORED BY