credibility & probability

Companies value is defined by their resources & location / infrastructure (30%), credibility (20%) and the probability reach production (50%).

The management team has to convince investors about their ability to
-> have a REALISTIC project plan with milestones (and is able to reach one milestone after another as planned)
-> have the required knowledge and a proven production process (! Thats really criticial ! - no "micky mouse" mini demo plants like many others ... nobody knows if this processes are scalable -> risk)
-> have some investors to finance everthing till production (construction of plant etc...)

DKO at least has a very clear and (for a company in this stage) near schedule date to get into production.
Any information from management about HOW they will accomplish this goals would lead to a significant rise in stock valuation!

There are so many other junior exploration companies with interesting resources / projects and all of them are trying to get a piece of the "cake". But only a few of them will survive. Investors know that and will invest only in the most promising companies with highest probability to reach production and get a positive CASH FLOW = REAL VALUE !!!

My estimated valuation with finished (positive) feasability study: 50-75M A$
My estimated valuation after successful financing and a "go for construction": 150-200M A$
My estimated valuation when in production (depending on product quality / quantity): 200-500M A$

There is still a long hard way till production ... as long as I can see progress and that they are reaching their milestones I keep optimistic.

How to check credibility: have a look at older company presentations (some years ago), look at their milestone plans and promises and then ask yourself if you can trust them ...