Red Rock Resources Plc Share Price (RRR.GB.PL)

FIRST EQUITY BROKER NOTE [see below]:

$13m for Mikei, Kenya @RRR [1.2moz gold].

So, if one takes US$1.2 bn below [US$2,116 minus say even a high US$1,116 cost] means that Mikei is VALUED by First Equity at -------------1% [of $1.2bn margin of profit , see below for example only].

1% is what John Cronford, Master Investors [Mining Analyst] said it during better time @1-2-3% of inground value? I have not taken the inground value [$2,116 x 1.2moz which is a higher figure than US$1.2bn potential profit].? DYOR, NIA.

Gold price today: "GOLD NEAR RECORD HIGH @US$2,116."

https://twitter.com/peter_krauth/status/17647114410288377424 [Mon, 4 Mar 2024.]

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FIRST EQUITY RESEARCH NOTE 2022 [JAN]-Not sure how much gold was then to value @JORC Mikei, Kenya @RRR at $13m.

Let's do some simple maths:

"1.2moz gold -Mikei, Kenya at US$1 =US$1.2m.

At $10= US$12m.

At $100= US$120m.

At $1,000= US$1.2 bn.

A/c to Barrick Gold, All-in-Sustaining-Cost [ASIC] is $918 per oz of gold.

Comment: So, say for example, Mikei , Kenya @RRR has 1.2moz gold JORC and currently gold price is US$2,116.

Therefore, even if ASIC is say for example, US$1,116, there could be $`1,000 per oz difference ie gross profit?

Nice, no wonder Mr Bell is in Kenya today, Mon 4 Mar 2024 via 2 tweets.

--------Ref:Red Rock Resources: Mikei Gold Project, Kenya.-----

https://www.rrrplc.com/mikei-gold-project-kenya [This video is currently on the RRR website.]

" 1. 2 MOZ Gold. JORC 2004. Feasibility Study 2014. 15km from Tanzania. North of Mikei is Shanta and across is Barrick Gold." -A very good video cover infrastructure, other major mines etc.

------REF: FIRST EQUITY BROKER NOTE, 19 JAN 2023----

https://www.rrrplc.com/investors/shareholder-information/broker-research/ [This is on RRR 's website]

"First Equity |: Mikei Gold, Kenya : Asset : V A L U E $13.3M. GOLD JORC VALUE."

-------CHAIRMAN A.BELL, RRR IN KENYA TODAY, MON 4 MAR 2024.---

"Meeting, Nairobi." - 12 hrs ago by Andrew Bell, Chairman, RRR.

https://twitter.com/ABell2019/status/1764565849082405377

https://twitter.com/ABell2019/status/1764565703204483476

RRR: 0.065p. Mkt Cap: £2.39m.

News, Mon, 4 Mar 2024.

Much ado about nothing from the dampers with 429,651 RRR shares bought [total volume] for £322 on Fri, 3 Mar 2024.

What is all the fuss about, I wonder, hence why I checked volume of total buys. Data doesnt lie.

The shares of Red Rock have fallen 73.9% in the last year.

Https://markets.ft.com/data/equities/tearsheet/summary?s=RRR:LSE

The reason is continued cash raising at lower and lower prices.

There is an upside if a project/Interest can become the subject of an IPO or be sold. Failing that more cash will have to be raised by CLNs or Placings. Thus shareholders will be diluted further.