Just had a look at the Niobium price.
Looks like it's pretty much double the price of NdPr?
Niobium price is currently at around the same price where the NdPr price was when DRE ran to a just under $500M MC (and all the other REE companies had similar runs before all pulling back down, together with the NdPr price).
Does that mean if DRE's REE resource was a Niobium resource instead of REE (or if they can a decent Niobium resource in the future) that we'd be valued a lot higher/where we were when the NdPr price was at the levels where the Niobium price currently is?
No wonder WA1 has a ~$1B MC (yes, it's grades are crazy good).
Bring on this upcoming Niobium drilling.
But first lets see what the Kimberley produces and if we get an extension to Orion there, and/or any new discoveries.
Cheers,
GB.
Niobium Outside Of The West Arunta!!, page-12
Add DRE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.5¢ |
Change
-0.001(3.23%) |
Mkt cap ! $56.29M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $20.11K | 1.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 6264945 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2100323 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| DRE (ASX) Chart |