DRE 5.88% 1.6¢ dreadnought resources ltd

Just a guess but I assume they want to cross all the t's and dot...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,480 Posts.
    lightbulb Created with Sketch. 1985
    Just a guess but I assume they want to cross all the t's and dot the i's.
    They say that it is a conceptual model.... looks to me like it's a go but doing the extra drilling for MRE.
    Still more DD's with visuals etc from last ann.
    In saying that... they should have a pretty fair idea of haulage, mining/digging,processing costs/Paulsons etc.

    Final pit optimisation.... confirmation of economical open pit.... grade etc.
    Popeye would now have to come into consideration... being on the same lease but not conditional imo.

    Lastly... but a good 'problem' to have is the rising gold price... it's 'fine' rolleyes.png for someone like me to project a gold price that keeps rising.... another for Dean to put in an economic model.
    Every $100 gold goes up puts another ~ $5M in the kitty on a 50,000 oz resource. biggrin.png... drill baby drill.

    I think we need a little more.... dare I say.... patience... the main ingredients are there.

    For those who can see it out this will work out very good for DRE imo... self funding will become the new model for explorers. cool.png


 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
-0.001(5.88%)
Mkt cap ! $60.04M
Open High Low Value Volume
1.7¢ 1.7¢ 1.6¢ $16.19K 993.8K

Buyers (Bids)

No. Vol. Price($)
18 2368868 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 2436461 9
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.