I think DRE is a target moving forward. The grade and scale is globally significant. DT has said that the grade is some of the highest in the world at 40% with a standard 30% NdPr concentrate level from YIN. The average global grade is approx 15%. Half the tons to get the same result. It should also open up deeper resources. Some other companies deposits will look ok on paper, but not for me. Lots of moving parts with REE and we will see lots of traps from wannabes along the way.
There must be groups looking at this with great interest. I dont own DRE for this reason, its just another potential outcome. I will be watching the early results from the carbs, but i understand that the area is large and the program is systematic. I dont expect the best results straight away. That would be lucky imo. It stands to reason that all the carbs need to be drilled out. C6-C7 wont be drilled until early next year. The deep holes at YIN will be very interesting. Does the grade improve at depth and how many tons will be discovered? DRE is a de-risked drill out imo. Super large scale upside.
- Forums
- ASX - By Stock
- General Discussion
I think DRE is a target moving forward. The grade and scale is...
-
-
- There are more pages in this discussion • 1,225 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.54M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $93.71K | 5.207M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 6378600 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 2575727 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 6378600 | 0.017 |
37 | 8960055 | 0.016 |
34 | 8355204 | 0.015 |
13 | 2992614 | 0.014 |
5 | 1790730 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 2528466 | 12 |
0.019 | 2904382 | 9 |
0.020 | 3733581 | 15 |
0.021 | 983397 | 6 |
0.022 | 976592 | 4 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
DRE (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online