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2.1¢ dreadnought resources ltd

i think in one of the presentation, Dean mention that they are...

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Fridayme

1,911 Posts.

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06/07/21

16:50

Post #: 54321524
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Originally posted by SwissKid: ↑

This Forum seems to have lots of experts on mining stocks. Let me ask a question. I wondered how long you hold such minin stock shares and when to take the profit. given the Lassonde curve, we're in the discovery curve, maybe lasting for 1-2 or even 3 years. In our case I see 1-2 years, given the speed of discovery and drilling DRE has. During Feasibility, Development and start-up phase building up to the actual operational mining, it can take multiple years and shares normally see a larger dip during this time.

So my question for all the experts and DRE holders, is this stock rather a short term play until the end of the discovery phase or is this a stock for the next 5-10 years until operational mining and money starts flowing in? And to be honest this will take at least another 3-5 years, right?

Cheers

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i think in one of the presentation, Dean mention that they are only an exploration company and that is their focus. my understanding is they will outsource the mining but happy to be wrong.

DRE Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.1¢		Change -0.001(2.38%)		Mkt cap ! $70.26M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$49.15K	2.421M

Buyers (Bids)

No.	Vol.	Price($)
13	8233960	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	1300881	9

View Market Depth

No.	Vol.	Price($)
13	8233960	0.020
17	8339680	0.019
15	8424224	0.018
18	5061056	0.017
14	3796281	0.016

Price($)	Vol.	No.
0.021	1300881	9
0.022	1120743	6
0.023	300000	1
0.024	720000	3
0.025	100000	1

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