The cash flow from S.O.M (especially if expanded along strike and at depth) plus this capital raising will IMO lead to them defining a significant sized company making gold deposit/s in all likelihood IMO unless POG collapses which is highly unlikely IMO.
The indications are all there for v. high grade mineralisation and a vast multitude of targets but most importantly is backing the management team that are top quality operators and actual miners. Circumstances haven't entirely worked in favour so far but I think they are close to turning a corner significantly with a strategic direction that is going to provide massive tailwinds if my view of the macroeconomic and thematic backdrop for POG is further validated, along with numerous institutions/fund managers/investment analyst firms calling for prices more towards and even over $4000 USD per ounce in the not too distant future. Nothing guaranteed but it's a prime set up.
Managements quality and ability to acquire highly prospective land packages supports the possibility of building this into a mid cap diversified mining company with a more long term vision as a distinct possibility.
Will possibly look to add from other positions listed in Canada once they likely show a higher return as their market is presenting numerous very high quality, significantly undervalued opportunities in this environment.
IMO & GLTAH
DRE Price at posting:
1.3¢ Sentiment: Buy Disclosure: Not Held
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