Sure, I'd love to see rocks containing REE. I have a not insignificant amount of money riding on DMN; I have a vested interest in seeing them succeed. It's simply that I see a lot of over-enthusiastic assertions about how the stock is going to rocket, and feel the need to inject a note or two of sanity into the discussion.
If it were that certain, the share price would be there already. Progress of drilling, IMO, will be enough to bring it up 0.001 or 0.002 cents - maybe 0.003; not much more. Remember that 0.01 is a 300% increase; 0.02 is a 600% increase - you'd need something pretty solid to make that happen, and that's why I reckon that it's the lab results (your steps 3 and 4) that will make or break the serious gains - if they're solid, then 0.01 or 0.02 is realistic, but not before. I simply don't see nearly one million dollars' worth of resistance at 0.004, let alone the $750k at 0.005, being broken through that easily. Remember, too, that there's a lot of options out there with an exercise price of 0.005 that will act as a brake on movement past .006, and again at 0.01.
I think there's a lot of potential here; I'm cautiously bullish - but in a lot of respects, this is a "make or break" exercise. We'll either see some very healthy (5-10 fold) returns - or lose the lot. I don't see much by way of middle ground. And with that sort of return comes some pretty significant probabilities of failure.
DMN Price at posting:
0.3¢ Sentiment: LT Buy Disclosure: Held
