Regarding the likely share price reaction, the fact that a JORC resource is being released is neither here nor there because it was basically fully expected.
What matters is how the size and grade compare to where market expectations are anchored. Don't forget that the Bell Direct report suggests 15-21MT @ 1.1%. If that is the anchor, then that's a pretty high bar to beat, so the market may be disappointed if it is not achieved.
Personally, my anchor is around that 10MT @ 1% that has been discussed. If we get that, my own gut valuation of DRE will rise further and it's already a lot higher than the current MP.
Fingers crossed it's a big one and Dean plays Santa!
Regarding the likely share price reaction, the fact that a JORC...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.72M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $95.75K | 5.977M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2207951 | 8 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.6¢ |
Change
0.000 ( 6.06 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.7¢ | 1.6¢ | 3383255 | ||
| Last updated 15.54pm 03/05/2024 ? | |||||
| DRE (ASX) Chart |