DM1's current share price and market cap is significant undervalued to what has already been confirmed, let alone as these assays start to flow and drilling commences(ed) at DIngo Pass...
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(recent capital raising raised enough cash for FY 2022-2023 for the Innouendy, Dingo Pass and Belele drilling programs), 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
DM1's current share price and market cap is significant...
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