That can only be answered by the management at the time. It’s not a straight forward answer. If you get offered disappear and see u later money, then they may decide to take that. Remember that this is still very early on for DRE in the discovery phase. It’s worth more than the market cap now, but it could be multiple times this scale and hence the push towards multiple rigs. They would not entertain a straight sale now because you cant get close to calculate the asset value. As Dean said, we won’t be giving it away. Canaccord can see 24c when they get to about 40m tons. That’s won’t take long at this rate. I think that they need to keep adding value and then probably sell off the REE separately. They have said they don’t want to build it. Drill it and sell it seems to be the preferred goal. Then you get to maximise the remaining asset value. If they sell it for a chunk of money, then they can return some money to shareholders. It’s a good plan for those who wait. It’s not like they need to find this from scratch. It’s there.
DRE Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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