I would think they will sell the iron ore for cash and do a similar deal on the gold. I would keep the money in-house and ramp up the rigs at Mangaroon. Get multiple rigs turning and test all the good targets and then leave a full time rig on the obvious new discoveries. This would create massive momentum of news and scale. They seem to be heading in that direction and Dean has access to some very experienced people like Paul Chapman. They will all make this sing for sometime to come.
This is a great quick read. The US Govt is putting up $369b for the green push and REE from Australia is going to be part of it of course. Given the evolving scale/ quality of DRE’s assets, this is going to get exciting moving forward. Love big clear open trends.
https://www.reuters.com/markets/commodities/us-hits-ev-accelerator-cut-chinese-metals-ties-2022-08-16/?utm_source=Sailthru&utm_medium=newsletter&utm_campaign=technology-roundup&utm_term=Technology%20Roundup%20-%202021%20-%20Master%20List
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