Niobium prices up around where the NdPr price was when DRE hit a MC of $471M on the REE drilling. Drilling results from Niobium due shortly, and then more Niobium drilling to follow.
Copper price breaking above $4 again, and hopefully keeps going. Currently drilling the Tiger Copper/VMS anomaly, with results to follow the Niobium results.
Gold price back to all-time highs overnight. Next week, high-grade (10-20g/t Au, etc) Mangaroon gold drilling to commence, and working towards mining the gold with BC8 this time next year. Drilling results to follow other/above drilling results.
And a deal or two on the cards too, hopefully not far away.
Team doing everything they can and hopefully one of the above gives a kick-up to the SP, or otherwise a general rebound in specs will do.
Not sure how many Teams/companies out there are doing more discovery drilling than DRE (none that I'm holding/aware of). And as Dean says, discoveries are the biggest reward potential for shareholders when they hit.
Happy to hold and let the Team do what they're good at (discoveries), and hopeful they get a nice return on their $6.8M invested, which means that we all will too with our much smaller investments (than theirs).
Cash, the recent handbrake for the Company, no longer an issue too.
Drill, baby, drill.
Cheers,
GB.
DRE Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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