if you can’t turn it off, turn it uptaken from, RE Observer...

if you can’t turn it off, turn it up

taken from, RE Observer substack: https://treo.substack.com/p/china-tightens-export-ban-of-smcondfeb

link to article: https://investorintel.com/critical-minerals-rare-earths/the-rare-earth-permanent-magnet-dilemma-the-ndpr-neodymium-praseodymium-supply-issue/

DT brought the hammer down in this presentation and the earth is still shaking. As the news of a potential Tier 1 discovery propagates throughout the land, it takes time for minds to comprehend the significance new critical metals mining province on the scale of the Pilbara.

DT: “We’re going to find out where within that 43 strike km do we want to double or triple our current resource. btw, that resource was delivered in 6 weeks of drilling with assays delivered and a resource put out in 6 months. These aren’t a big Hemi discovery, these aren’t Julimar or Gruyere- these don’t take 14 rigs and a year and a half to drill out - we did that with one rig and 6weeks of drilling and we will be able to keep that pace up.”

DT: “Mines are built by teams. At the moment we are embarking on the discovery of a potentially globally significant rare earth province. With that comes the ability to attract some top tier people to deliver that mine. Over the next 6-12months….we will be recruiting the team to develop that mine to make sure it is done in the best interests of Dreadnought shareholders.”

How to value second mover advantage? Concentrate, seems like a pretty straightforward flowsheet. The first thing DRE did was prove their ironstones are the same as HAS’. Now they are recruiting a mining team. How much can DRE free-carry in return for other parties to finance cap ex?

272/300