The DFS looks very positive to me. NPV valuation of $113m on conservative price and volume assumptions, while DRX is currently trading at about $28m and so is completely undervalued. They are in discussions with potential offtakers (though they note they don't want to pull the trigger on this too early). DRX has entered into discussions with a China based processor and refiner of heavy mineral product to explore a JV processing plant in China and may include this party directly investing in DRX.
The DFS study, which is in compliance with Chinese banking and investment requirements for investors, now gives an independent view on the opportunity that financiers and offtakers will use to assess the project. The future is looking bright for DRX which in my mind is significantly undervalued at current prices.
The DFS looks very positive to me. NPV valuation of $113m on...
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $135.1M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.7¢ | $39.32K | 1.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 371821 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1465922 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| DRX (ASX) Chart |