An REE Resource Estimate or an Inferred JORC Resource release would see a significant rerating for DM1.
As this would provide institutional investors, who are keen to have exposure in Critical Mineral companies on the ASX, would have then Rare Earths tonnages/grades to work out their discounted future cashflows and ROIs on DM1's Innouendy REE Discovery.
A Rare Earth Mineral Resource Estimate or Inferred JORC for Innouendy should see DM1's market cap lift towards $150million to $250million as a conservative number if you compare other REEs below, with smaller footprints and lower grades/recoveries that have released an REE JORC.
With only 63million shares on issue, a conservative starting $150m market cap equates to a share price of $2.38 and a $250m market cap $3.96 share price for DM1. (As a starting point) Then as the company drills and adds to these tonnages with more surface REEs, we'll see continued rise in the share price and market cap to new all time highs.
The Maiden Resource Estimate or Exploration Target, or Inferred Resource would provide DM1 a foundation to build upon the insitu (in ground) value of the Rare Earths they have at Innouendy in WA.
Let alone if these 11,000metres of assays confirm an REE deposit that is min 10km strike x 4km wide (40sq kms) to 20+++km strike x 5-6km wide) 100sq kms in footprint size with thick REE Clays in low risk WA.
GLTA DM1 shareholders.
Very exciting times ahead for us DM1 shareholders.....and if they hit high grade Nickel Copper sulphides at DIngo Pass, then we truly are in exciting times.
DM1's current market cap of $27million at 42c share price shows how significantly undervalued it currently is.... currently...GLTA DM1 shareholders.
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