DRE 13.3% 1.7¢ dreadnought resources ltd

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  1. 2ic
    5,941 Posts.
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    I'm not a fan of your dangerously one-eyed ramping or attitude towards me frankly, here or MZZ back in the 20's when I first posted there, but I'll give you a tip for free anyway because you probably mean well. DRE is not a one-way bet atm... the market has rightly soured on Mangaroon REE, and if Tajarri doesn't come up with more Orions and/or substantial increase in Orion's metal per vertical meter at depth then shares are probably going back to 3.5c in a hurry. Lots of sizzle and cultish talk around DRE's grab-bag of exploration projects, but all are long shot and/or average looking plays at best... imho.

    Ultimately projects are binary, either worth something to develop/sell, or worth nothing. Yin is worth something, but not $150M. Looked into the history/geology of Tajarri this morning out of interest, which I have to admit I hadn't done before, and all I'm seeing is EM conductor plates associated with sulphidic +/- graphitic black shales in the mineralised geology sequence. If most of the new FLEM conductors are black shale, barren Py-Pyro related like lots of historical Em plates were, the soil-magnetic coincident targets are nowhere near so attractive...

    Not sating there isn;t exploration potential, just that people, including yourself, should be a little more realistic about exploration potential DRE valuation and money risk-management.

    GLTAH
 
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