I've said this a few times, it is institutional and professional...

I've said this a few times, it is institutional and professional investors that will lift DM1 to new all-time highs as major milestones are announced, not keyboard warriors like us on HC.

We just need to let DM1 continue to dot the i's and cross the t's with this REE deposit at Innouendy.

It's a good time to start to compare Desert Metals' current market capitalisation, which drives the share price, to other Rare Earth explorers, developers and miners.

There are very few DM1 shares on issue. That's why I keep stating this below.

With the Top 20 shareholders holding over 68% of all DM1 shares, we only need one of these multiple high-quality targets to be confirmed as an economic deposit and the share price and market cap will rise strongly...

Confirmation of a new discovery of high grade REEs at Innouendy, would see a DM1's share price increase in the market cap and share price of DM1, if these other explorers' share prices and market capitalisations are anything to go by.

Below is a current list of Rare Earth Explorers/Developers on the ASX (only the 2 are in production today, Lynas and Iluka) list below as at 26th September 2022. The rest are explorers and developers....with much higher market capitalisations than DM1, for now...


We need 10 new REE mines by 2030 to meet magnet rare earths demand - *


The advantage is that DM1 only has 63million shares on issue....

Given the company only has 63million shares on issue, with 10-12 months of cash at hand, it won't take long for the market cap and share price to lift to these levels as major announcements are made, starting with this significant REEs discovery at Innouendy....

$63million market capitalisation = $1.00 DM1 share price
$126million market capitalisation = $2.00 DM1 share price
$252million market capitalisation = $4.00 DM1 share price
$378million market capitalisation = $6.00 DM1 share price
$504million market capitalisation = $8.00 DM1 share price
$630million market capitalisation = $10.00 DM1 share price
$787million market capitalisation = $12.50 DM1 share price
$945million market capitalisation = $15.00 DM1 share price
$1.1Billion market capitalisation = $17.50 DM1 share price