eucla basin players

To give people an idea of the magnitude of DRX here's what everyone holds in the Eucla Basin:

ILU - 50000 sqkm applied for but only a small proportion actually holds at present. Not a lot is along the ancient shorline

ADN - 3800 sqkm of which only 50km is exposed to the ancient shoreline where the minerals concentrated. Mkt Cap $19m

IMA - 2000 sqkm of crap land in the middle of the Nullabor - won't find stuff all there! They announced that their land was in the place where Diatreme are. All they will encounter there is a solid layer of limestone

DRL - over 6000sqkm - 300km of exposure along the ancient shoreline. They aquired lost sands (who held the applications) for a measily $1m a month before Jacinth was found. Talk about timing. Now have a market cap of only $10m compared to ADN with a mkt cap of $19m. MSC holds a significant number of shares in DRL.

If you want an interesting read see the following article http://www.minesite.com/storyFull.php?storySeq=290