Ann: Shallow, High-Grade Gold and Silver at Chicken Little, page-22

I would've thought mining Metzke's would mean that DRE makes quite a bit of money from it, not drains money?

They will not be building a processing plant or spending any money on it.

Pretty sure it would go something like this:

- mining licence/permits obtained
- mining partner announced (potentiality already "locked in" and just waiting for mining licence?)
- profit share, say 50/50% with mining partner
- DRE provides the deposit, mining partner incurs all the expenditure in mining the deposit
- profits shared 50/50%

14,900 ounces, from surface (cheap to dig up), super-high grade resource at 6.8g/t.

Current gold price is AUD$3,600 per ounce - everyone can do their own back of envelope calc's.

Depending on timing of mining licence receipt, this could potentially fund the company for a while, and if not, when a CR is required it'll get done and more drilling will get done (ie. if wanted to raise $2M, $4M, or $6M right now - they could easily do it at 1.6c and then keep going and keep doing what they're doing into the future - ie. when money is needed it'll get raised one way or another and the exploration continues (not sure why a lot of people obsess over CR's and like companies will go bankrupt, when it's just another day for an explorer and normally good news and followed by big news) - hopefully a discovery or two before then (or a deal or two)).

Cheers,

GB.