If (in about 12 months) the JORC resource comes up at around 4,000 tonnes = 8,800,000 pounds of U308, now if the JORC comes in at 6,000 tonnes = 13,200,000 pound of U308.
At today's prices (U308 = USD$48 pound = AUD$64 pound at 0.75 cent exchange rate) such a deposit at 4,000 tonnes is worth about AUD$560,000,000 gross in todays terms out of the ground, and at 6,000 tonnes is worth about AUD$846,000,000 gross in todays terms out of the ground.
And that is why management is pushing ahead with this predominantly low grade - close to the surface Napperby deposit (It's worth a lot of money!!!).
This ride hasn't even got started yet in my opinion, with many more tenements to drill and assay in the next 2 years - the upside potential is significant from these share price levels.
Excellent management, excellent tenements, excellent potential.
looking very good..., page-3
Add DYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.16 |
Change
-0.055(4.55%) |
Mkt cap ! $1.119B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.15 | $7.151M | 6.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 559 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 8289 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| DYL (ASX) Chart |