If we believe the general consensus across the gold sector and its commentators the gold bull run is only at its beginning with a long way to run yet. I have read predictions of anywhere from $5000 - $10000 per oz and if this does eventuate then DRE will be in a very enviable position with significant cash inflows driving the ability to consolidate and or by back shares or a combination of both. Drill funding is now secure and adding hi grade ounces is almost guaranteed as is the possibility of a major discovery. DREs board as are BC8 are heavily invested financially in the company therefore driving a significant discovery is in their best interests. The exploration sector remains subdued so there is a multitude of factors that could drive a significant rerate including a change in small cap exploration sentiment. Going to be an exciting next 6 months and hopefully the next trading halt will be the bonanza gold hit.
DRE Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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