DM1 0.00% 2.0¢ desert metals limited

On the back of the high grade and recovery REE Clays at...

  1. 1,476 Posts.
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    On the back of the high grade and recovery REE Clays at Innouendy, confirmation that they run relatively consistent for 10km-20km strike length x 5km wide (50sq kms to 100sq kms), then we surely will see a market cap easily over $1Billion in a year, especially when you compare it to other REE market caps below and the sizes/grades of their deposits.

    DM1-Mkt-Cap-Share-Price1.png

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    If Tony hits high-grade nickel copper sulphides at Dingo Pass, then we'll see the market cap lift similar to SIR's and CHN's, $500m-$600m only 60 days of discovery...

    DM1 only has 63million shares on issue, so a $500m market cap would equate to a share price of $7.93 and $600m mkt cap would equate to $9.52 share price...


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    Don't forget what Dr Rob Stuart said when he mentioned SIR and their Nova DIscovery in the presentation yesterday...SIR was taken over for a couple of billion dollars happy days...$A1.8Billion, when the nickel price in AUD was 1/2 the price it is today.

    $1.8Billion/63Million DM1 Shares = $28.57 share price

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    GLTA DM1 Shareholders....exciting times.

 
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