Roughly speaking with MC of 50m I recon the market has DRE priced only on the 20,000 Oz gold value Au$100,000,000 less 50% extraction cost.
So for every 20,000 Oz added from the current drill program then our share price should rise by 1.4c
But when DT can present a more accurate resource assessment and extraction cost analysis towards the end of 2025, we could by then be looking at +10c with $.005c pip increments instead of the measly $.001 pips (and worse for Bots @$.0001 some days, which is criminal IMO)
Short of having proven resources and market demand we'll scape along the bottom for the benefit of Bot bottom feeders
Ann: First Gold Drilling Program of the Year Completed, page-76
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $55.87M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $37.16K | 3.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 24298509 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1037506 | 5 |
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| Last trade - 11.55am 17/06/2025 (20 minute delay) ? |
| DRE (ASX) Chart |