BC8 are fantastic partners under the same Chairman. The AI above is great and I thank Ihavenoidea2035 for that. The limitation of AI is the personal and professional connections and evaluation of business (mining specifically) acumen.
DRE will secure a deal or two to add some much needed cash buffer extension and to fund the drilling needed to extend this project. Further ounces are high probability across Mangaroon. This will continue to fund DRE and limit further dilution (vital move). The POG in AUD terms is headed to $5k shortly IMO - i.e. during the planning and execution period. That is a projection based on continued strength in the USD against the AUD and a rising gold price environment that will surprise linear analysts.
This is a very positive outcome for DRE and shareholders. Drive share price to the moon? Not expecting that, rather a share price that does not expect imminent dilution, which will help. If they can get ahead of the buffer requirements and return capital it will be a brilliant result. Alternatively buy back shares to reduce the register - would also be nice.
GLTAH CW
DRE Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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