DRE dreadnought resources ltd

While we wait for the labs on the gold results which are due any...

  1. 5,977 Posts.
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    While we wait for the labs on the gold results which are due any day now, and then restart of drilling; some interesting movements in the NdPr/REE space, especially over the last month or so.


    MP Materials in the US absolutely flying:
    - SP was $10.00 in August
    - SP was $18.60, 3 weeks ago
    - SP is ~$38.00 today
    - has more than doubled in the last 3 weeks (added ~$5B to its market cap)
    - almost quadrupled since August


    LYC on the ASX:
    - SP was $6.16 in January
    - SP was $7.22, 5 weeks ago
    - SP is $9.55 today
    - up 30%+ in the last 5 weeks (added ~$2.2B to its market cap)


    Normally the Majors move first, then the developers and then the micros.

    Hopefully MP & LYC keep going and it starts spilling down into the developers/juniors.


    But then again, now that I've posted about it, watch MP & LYC tank.


    Cheers,

    GB.







    MP:

    MP Materials - Chart - 19-06-25.jpg








    LYC:

    LYC - Chart - 19-06-25.jpg
 
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