Hi MrFantasticMan. DRE is currently sitting on $304M and HAS $445M. DRE is still at exploration but calculating a maiden JORC and HAS has evaluated their JORC and is prepping for mining. To reach the point of DRE, which could be by next year, we would be 7x our current MC. But as we are close to HAS and have geology equivalent to both DRE and HAS and including the fact that we have additional leases in WA and SA, IMO we will move closer to HAS which is 10x our current MC. As I said previously this is my own opinion and SH's dont have to agree with it. We will just need to see how it plays out but I'm aiming for a 50-60c SP at either the mining stage or JV stage.
Please DYOR
GD
Hi MrFantasticMan. DRE is currently sitting on $304M and HAS...
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