Good. See all this rubbish about dilution by Dab, the maximum...

Good.

See all this rubbish about dilution by Dab, the maximum number of shares the company can issue is 15% of current shares on issue.

Since there are only 63million shares on issue, that's around only ~10million shares and more than enough cash to drill out Innouendy's REEs, Nickel sulphides, PGEs, Chromium and Cobalt.

15% of 63million is ~10million shares can be issued.

This means, post next CR, Desert Metals would still only have 73million shares on issue....

Below are the estimated MarketCaps and Share Prices with only 73 million shares on issue.

$100million market capitalisation = $1.37 share price
$250millionmarket capitalisation = $3.42 share price
$400millionmarket capitalisation = $5.48 share price
$550millionmarket capitalisation = $7.53 share price
$730millionmarket capitalisation = $10.00 share price

$900million market capitalisation = $12.33 share price

$1.2Billion market capitalisation = $16.43 share price

$1.8Billion market capitalisation = $24.67 share price (SIR takeover offer market cap)

Below are the market caps of other REE explorers who unlike DM1. They don't have from surface Nickel sulphides, PGEs, Cobalt, Chromium all in the same deposit as their REEs cost credits.