The increase in DM1’s market cap and share price once Innouendy is confirmed as an 80sq km to 100sq km High Grade, Shallow Thick Rare Earth deposit will be substantial, to say the least.
Let alone a Nickel Copper PGE discovery at Dingo Pass which is being drilled now…
Compare DM1’s market cap at $27m at 41c to other REE explorers and developers with lower grade REE clays and much lower tonnages below.
Since the company can only issue a max of 15% of their existing 63million shares on issue.
15% of 63million is ~10million shares can be issued.
This means, post next CR, which isn't expected until February/March 2023, Desert Metals would still only have 73million shares on issue....
Below are the estimated MarketCaps and Share Prices with only 73 million shares on issue mid-2023….
$100million market capitalisation = $1.37 share price
$250millionmarket capitalisation = $3.42 share price
$400millionmarket capitalisation = $5.48 share price
$550millionmarket capitalisation = $7.53 share price
$730millionmarket capitalisation = $10.00 share price$900million market capitalisation = $12.33 share price
$1.2Billion market capitalisation = $16.43 share price
$1.8Billion market capitalisation = $24.67 share price (SIR takeover offer market cap)
The increase in DM1’s market cap and share price once Innouendy...
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