DRE dreadnought resources ltd

DRE General discussion topics, page-870

  1. 3,300 Posts.
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    Hi Eddy
    Yes, what a time to be involved with GOLD and the POG is looking hot.

    Not long now for the feasibility study to be out, I'm sure January at some point, which will show how much money they will make, and at what price for gold!

    The announcement last year of a resource of 23,300 ounces of gold, shallow from surface open pit style with super high-grade Gold (12.8g/t Au) is a great starting point, and I'm confident the team will find a lot more around the SOM, and Popeye etc etc

    Remembering someone will be mining it for DRE in the 2nd half of this year with no mining/cash cost to DRE, and profits split 50/50, I'm sure BC8 board have the same thoughts with this way of doing things. I remember someone estimating around $25-$30M profit for DRE, for this initial resource, some good dollars coming in, and then hopefully adding a lot more to that figure, with continued drilling and adding more ounces, looking forward to 2025.


 
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