Hi keepingitril, I suppose an economic resource requires 3...

Hi keepingitril,

I suppose an economic resource requires 3 things to align:
1) Near surface, easily mined with open pit
2) High grade
3) High metallurgical recovery

So far looks like DM1 has all 3 elements in its bag. Yes, you may just wait for drilling for them to prove up an economic resource but by the time they officially announce it, you will likely be paying $200M market cap, if not higher, rather than less than $40M market cap as of now. The biggest value creation in these type of spec stocks is at the discovery phase, and I am sure you are aware of that too.

As for KTA, their modelling suggests mineralisation averages only 16.7m, over 4km as per their announcement on 22 June. Correct me if I am wrong but DM1's mineralised footprint appears to be a lot larger and thicker, with Chiller and others pointed at 60sqkm of area based on radiometric thorium survey. As for NYM, well they haven't got much to show for at this stage.