It's pretty nice having the world-class REE asset there in the background, waiting for a rebound in REE prices, to commercialise it.
DRE did get up to just under a $500M market cap, off the back of the REE discovery, and that was before the resource drill-out, the 100Mt Exploration Target (just on the ironstones), the discovery/confirmation of the carbonatites, the discovery/confirmation of the Niobium, metallurgical, and all the other work done since then.
REE prices would need to rise a lot to get back to where they were when DRE was around $500M MC, but a ban by the Chinese would certainly get them up there pretty quick.
So, talking about using the gold mining profits from The Star (and afterwards from "Star Deeps" & from "Friends of the Star"), for exploration, to find a life-changing discovery...
Well, the REEs are already there as one of those life-changing discoveries; just need the Chinese to ban REEs and the REE price to jump back up to where it was (or where the analysts have the NdPr price as a long-term price point).
And the way Trump and China are going, won't be long before there is a ban on REEs.
Cheers,
GB.
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $37.71M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $50.78K | 4.786M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
86 | 27020907 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 6898384 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
86 | 27020907 | 0.010 |
19 | 7384447 | 0.009 |
13 | 6775078 | 0.008 |
5 | 6597459 | 0.007 |
3 | 1966999 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 6898384 | 6 |
0.012 | 4546796 | 12 |
0.013 | 2200977 | 7 |
0.014 | 2404559 | 6 |
0.015 | 745794 | 4 |
Last trade - 16.10pm 10/02/2025 (20 minute delay) ? |
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