You're current that DRX currently has just over 3B of fully diluted shares at the moment. However, my calculation assumes about a 1B share issuance at today's price. Both the magnitude and prices are conservative. But that's how I typically run my numbers.
So 360% upside just on Galalar, utilizing clearly conservative assumptions. Then there's the northern resource which has enormous potential. Then there's Cyclone which could pay off nicely at any moment.
Feelings pretty good about DRX. I also hold MLM and VRX which I calculate similar upside for. Coincidentally Delphi/Sparta have large positions in all three and Flannery Family Office in DRX/MLM so nice to have some (very intelligent) third party confirmation there too.
You're current that DRX currently has just over 3B of fully...
Add DRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.86M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2121193 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 3657530 | 4 |
View Market Depth
| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.8¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.8¢ | 130000 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| DRX (ASX) Chart |
Day chart unavailable