VML looks to be valued similar the DRE at the moment. MCs are similar. DRE investors are speculating that our Rare earths resources will be much larger. HAS for example has an MC of $452m and our Yin resource is estimated to be similar, plus DRE still has the C1-6 carbonatites which are 4-5 times larger than YIN, so maybe 50 cents share price is warranted for that alone IMO?
Plus there is Marangaroon which is shaping up to be a sizeable copper discovery.
Plus the consolidation of central Yilgarn iron ore which is being parcelled up and in negotiation with Mineral Resources.
Is a $1 / share price possible?
General Discussion, page-304
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.79M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.6¢ | $46.94K | 2.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 4677926 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 834498 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| DRE (ASX) Chart |