There is zero in the current share price for several assets if we believe in Canaccords valuation for the REE. They have stated a target price of 24c for 60mt of REE. DRE has achieved half that target already (12c today). DRE is trailing their valuation by 50% simply because the sentiment has changed. Let’s assume the markets current price of sub 6c is correct (about half the valuation), then there is zip in the price for the nickel, gold and copper assets. These assets have all shown high grade discovery upside. Nice to have the partner and the cash to push on. The market will have the final say over time. The risk is to the upside in the short to medium term with these drilling programs. The Gascoyne is a great area for the company to look for mines. They have accumulated a very productive large land package. We just need to let the company do its best for the rest of the year and see what we have in the stocking at years end. They could be drilling for years across this package when you think about the target generation potential. Dyor.
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.46M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $41.69K | 2.445M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 412865 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 1173987 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 412865 | 0.017 |
20 | 4785427 | 0.016 |
34 | 5850228 | 0.015 |
14 | 4598948 | 0.014 |
6 | 1830999 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 1173987 | 5 |
0.019 | 615000 | 4 |
0.020 | 2181396 | 10 |
0.021 | 2089225 | 9 |
0.022 | 1317500 | 4 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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