HAS is capped at (allowing for debt) over $450m with 30m tons....

HAS is capped at (allowing for debt) over $450m with 30m tons. Their grade is lower than Dre, and their mining footprint will be larger with thinner intersections. This means that every 30m tons equals about 15c per share value to DRE on a proven comparison (even with DRE having a higher grade). DRE has no intention to mine, so low capex would be tilted towards a concentrator or asset sale.
I think it’s fair to say that YIN is going to Exceed that by some margin. The depth extensions at YIN could materially speed things up and add millions more tons. We get the further upside from YIN, Sabre, Y8 and the other 100 ore bodies for zip. YIN and Sabre are klm’s long already. Don’t forget the gorilla in the room. The Carbonatites. They have discovered a massive open system awaiting some grade assays. This area has literally just got started. They will continue to drill until they expose what this is. 99m hits is way off the charts for the entire area so far. How many tons will this add over time?
The multi rig drill out in the coming year, will take care of the value here. Two brokers have 20-22c target and the resources look like that’s a stop over price next year. Some will get impatient, but the writing is on the wall. DRE has a clear path to these numbers and well beyond.
Fast flipper money won’t be happy with double or triple their money next year, so they move onto the next roulette wheel. In the real world, that’s an astonishing result. Imagine if a house were to potentially double or triple next year! Trying to find the next mega return stock requires a lot of risk and some luck. DRE is a drill out, so the risk is greatly reduced. This is no longer sit on the edge of your seat stock. The day to day price is anyones guess. Buy the dips still applies here imo. Dyor.