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JM drops hairy spherical ones on a regular basis. He was an early investor in Helium One which was a right horlicks until they did a pre-IPO CLN and then reversed into Attis. It didn't help that JM and other big hitters were in there.
Bradda Head might be in the US and be a "safer" jurisdiction but the regulatory demands are much more difficult than Zimbabwe. Regardless of what you think of Zimbabwe, there has been a lot of recent corporate activity for lithium in Zimbabwe.
The intention is not that ALR will be an RRR company. RRR is merely helping put the portfolio together. It will in due course have its own board and hopefully a separate listing. RRR will be below 50% and not have control.
DYOR
How so and do you think the dog minds?
Usual misunderstanding with these things: Bradda Head is valued at £29mil ish and RRR's ALR holding is valued at nil ish. Which would you rather than buy Bradda Head with some upside if it spends a lot of money or ALR with a huge upside if it spends some money. The reason for the ALR huge upside is that it is starting from such a low valuation.
Interested in why you think Bradda Head is better.
DYOR
You're comparing fillet steak to a bowl of dog food.
Plus Bradda's projects are in Nevada and Arizona.
I hold shares in both companies (more than 10:1 BHL to RRR) but it's a joke to compare Bradda to a Bell special.
Maybe worth considering that Bradda Head does have c. $16m in cash and highly experienced and competent directors and other backers including Jim Mellon who hold a c.20% of the company. Whereas RRR has A Bell who is highly experienced in blagging and dilution.
great points. then why did RRR sell 10% for US$100,000?
The Bradda Head number was as "high as" whereas ALR was "an average".
Hard rock lithium is better than clay or brine. Spodumene is better than lepidolite.
Zimbabwe is a known lithium province with all the back up services required. ZID is pro-lithium development.
RRR has indicated it has multiple licences in train.
Obviously I am biased. I was offered Bradda Head in the pre-IPO and said no.
ALR will be worth serious money.
DYOR
correct RRR did disclose isolated sample results which RRR discribed as their result being 1.43 Li2o
whereas ALR had results as high as 2.49% li20
what RRR has is very encouraging but IMO to say that is better than BHL is premature. but even if it ends up 1/2 as good that still means 15M market cap to RRR just from Litium
I am long with a personally significant investment in RRR so I do hope you are right. This was not on personal list to keep track of for my RRR investment so thank you for bringing it to my attention and sharing this information
You need to read the RNSs. There is no CPR but RRR has disclosed results. Listen to relevant PR.
I own some of ALR.
DYOR
WOW BHL--Bradda has a market cap of 29,6 million however they have multiple projects with test results
ALR has NO test result -at least none that RRR has disclosed
So why do you make this statement?
Juno gave an interview a few weeks back: I posted it on here. They were talking $180 a tonne and 5mt pa from day one. They would probably step it up to 10mt fairly quickly but they didn't comment on that.
Do the numbers for yourself.
DYOR
I understand your personal feelings. So what happened to CRCL? is it connected to RRR ? to AB? to Scott Kaintz?
Thanks Helpful...what sums are you or the company expecting (range) from an initial settlement in the DRC?
TheeDuke- help me out-- What happened to CRCL? I see a stock down 50%
Helpful
What would be a possible production rate?
Price of magnetite?
which then leads to the possible yearly RRR income from its royalty
https://www.londonstockexchange.com/news-article/BHL/drill-rig-mobilised-at-san-domingo-project/15543770
This drilling programme continues the fieldwork at San Domingo, including mapping, geophysics, surface sampling, and a recent 3D mapping exercise conducted by SRK (results soon to be announced). Channel sample grades previously identified at our named pegmatites were as high as 2.49%Li2O;
https://www.youtube.com/watch?app=desktop&v=UfP94ueSIic
DYOR
This is Bradda Head, recently listed.
I think what ALR has got is better.
https://www.thisismoney.co.uk/money/markets/article-11024829/SMALL-CAP-SHARE-IDEAS-Bradda-Head-Lithium.html?s=08
DYOR
They stopped the exploration work at Mt Mason and Mt Ida when they had enough. There is more work to be done in due course. Juno thinks that there is 2bn tonnes plus of magnetite at Mt Ida.
Do the numbers: it is serious money if brought into production. RRR is due $8mil in stage payments from Anglo Pacific and will have a residual 0.75% royalty on Mt Ida.
Looks to me like it could be in production towards the back end of 2024.
DYOR
Thank you Helpful for the link to the ASX RNS dated 19 July 2022 for Juno:
Highlights:
"M O U N T IDA:
70% completed DFS.
$50m -significant work undertaken.
Granted mining lease.
Remains the LARGEST magnitite resource & 1 of the most technically advanced in the Yilgarn.
--Sep Qtr will commence with a formal process to attract a MAJOR partner to earn in at project level with the capacity to develop the project.
Magnetite concentrate, green steel, preferred raw material, higher grades and premium price to DSO.
Hanc ock earning in the NEIGHBOURING Mt BEVAN magnetite project is now commencing PFS on the Mt Bevan is VERY POSITIVE for the Yilgarn."
RRR has a "remaining" royalty on Mt Ida and holds shares in Juno, ASX listed. See previous RNS's for details.
My comment:
I am interested in Mt Ida. The 19 July 2022 RNS now states that a formal process will begin in Sep 2022 Qtr to look for a major partner.
Interesting that both Mt Mason & Mt Ida, once the original assets of Red Rock Resources upon listing has news flow via RNS. This is from recall as I read the listing documents of RRR?
The realists are likely just watching in amusement as the bulletin board froths over AB's twitter activity.
Watch for a jam tomorrow RNS promising collection of money from the DRC and then a quick left jab of a placing to fund the next sojourn to Africa. Maybe Ivory Coast is pleasant this time of year.
What royalty is RR on? Cant find it ... any guess at how much it could be in aggregate over what period?
Really!
TDT
Yes I think that was AB sending a message. I also find it interesting that the bashers and naysayers have not made any recent postings
That reads very well for RRR.
DYOR