Thanks for the info RG. Very valid and useful reference points...

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worzel1

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23/08/22

13:30

Post #: 63270889
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Originally posted by RandomGuy01: ↑

That company had a mining campaign last year, that resulted in having a multi-year stockpile. There are no permitting issues. Unlike DRE, its resources are consistently thick and shallow so an open pit is easy. It's sideways rather than at depth. The resource is also proven, and expanding due to both mining results and additional drilling. Cheap to mine.

The company employs mostly indigenous people that are more than happy for them to be there, and on top of that, their ore sorting machine is providing better than expected results so less ore loss.

95mt is their main resource, and I disregard all others when pricing them. Forget Africa, forget their other heavy REE mine.

It is also an Australian company, mining in Canada. And their concentration plant is next door to a local plant that processes the stuff. Management are ex-LYC.

Why wouldn't you trust a Canadian lab? Also, they have local support too and are right next to the US which is another free-trade partner that the US is looking for in the space.

At best, DRE's resources would be mined in 5+ years. This resource was mined last year. Take all of that into account and explain to me the SP of both companies.

Either one company is severely overvalued, or the other is severely undervalued. Take your pick.

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Thanks for the info RG. Very valid and useful reference points that help develop a more rounded view of the sector.

DRE Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change -0.001(4.35%)		Mkt cap ! $80.80M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$14.57K	641.8K

Buyers (Bids)

No.	Vol.	Price($)
10	3106836	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	459236	6

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No.	Vol.	Price($)
10	3106836	0.022
13	1932618	0.021
16	12440993	0.020
8	6143629	0.019
6	5363800	0.018

Price($)	Vol.	No.
0.023	459236	6
0.024	1132768	8
0.025	813017	4
0.026	2316571	6
0.027	1782467	5

Last trade - 11.42am 12/07/2024 (20 minute delay)

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Thanks for the info RG. Very valid and useful reference points...

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

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Thanks for the info RG. Very valid and useful reference points...

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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