Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Take your shoes and socks off and then work out the numbers.
The page in the company's presentation with a spreadsheet is not a forecast, it is merely a model. Bell and Sam are not going to live on site in Burkina Faso for 0.25 g/t or 0.5 g/t.
Woof!
Dogs - you came in with an open mind.
Would it be fair to say you are gravitating to the bear side.
This company is utterly astonishing as I like to say Bell could fall in a barrel of nipples and come up sucking his thumb.
FASO seems to good to be true. But then again so did ALR.
What could possibly go wrong :)
So we don't rely on company issued information when it suits Helpful. He is priceless.
Forget whatever the company says. I think Helpful thinks he is the company.
Helpful 'Take your shoes and socks off and then work out the numbers.'
I think you must have been a Polydactyly baby with some of the numbers you keep throwing about Delboy.
It's comedy gold.
Helpful / Lundy has not even read the presentation he posted on here a number of times.
He's just making numbers up 1,100 tonnes per hour 5,000 ounces net to RRR !
Now he's saying he's not wrong its RRRs presentation.
Comedy gold from our very own pantomime villain.
Doggie, do the numbers and report back.
Woof
Helpful. 'Doggie, do the numbers and report back'
You need to engage your brain before you type. How can I do the numbers if rrr hasn't signed a contract? How much plant is going to turn up on site? If any?
I think you have started to realise that you have over extended yourself financially to Bell and are starting to lose the plot.
"......and are starting to lose the plot."
He would have needed to have had an understanding of the plot first before be could lose it. Helpless is just another Bell victim but he' too vain and self obsessed to realise.
TDT
Well that means a lot coming from you, "vain and self-obsessed", you being an expert with plenty of experience. Tell us, how much did you lose on RGM?
Did contract law as part of your degree did you?
So Bell and/or Sam are going out there to live on site, they are going to fly in the first wash plant in the next few days but nothing is going to happen because..... Oh yes, no signature.
Jodrell.
You are making stuff up again Helpful. I never said nothing was going to happen, you just did. I questioned how much plant? If any?
It is in the RNS and the interview from yesterday.
Flying the first one in, in the next few days. Four separate sites.
So you can take It that at least four are being moved in.
The spreadsheet on the website models up 16 plants, why do you think that is?
Do your numbers for one plant, then for four plants and then for 16. In the trade it is called "ranging". See what your numbers look like: then do it for a poor grade, then a middle grade and then a high grade. Again it is called ranging.
All a bit pathetic really Doggie..... Oh RRR is about to start gold production next week but no one has spoon fed me the numbers (which I would deny if they did anyway) so nothing must be happening.
Or you can reverse it: what does RRR need to do to net $3m pa? $3m pa 9 x EBITDA is $27mil.
Do your numbers and report back. Woof
DYOR
RRR AUSTRALIA POTENTIAL IPO
Per the interview with A.B, Chairman @Stockbox yesterday, the RRR Australia CPR has to be signed off.
Think the sign off is to update it ie check it is correct as in like JORC 2002 updated to JORC 2012.
To do a IPO in Australia, one needs an Australian contact. Why? Aussie rules and procedures of the ASX is different to AIM in the UK. But not sure if it is an IPO or buyout? So, DL, the Strategic Advisor to RRR tweeting today is nice given that he is Australian originally. So, await news. I am sure the ASX is aware of Sunday Creek and its interest in Australia among investors . RRR is next door at the 1st mining town Kilmore and only when the gold ran out , Sunday Creek was started. I wonder if PJ is now in RRR given he did the commissioning of the work to see if Sunday Creek mineralisation goes into RRR's Kilmore, next door? DL meeting AB is interesting per his tweet @DL this morning, post RRR RNS.
I checked last night to confirm ages. Andrew Bell, Chairman of RRR stated in this morning's RNS, Fri, 5.4.24 that he is flying out to Burkina Faso to see to the RRR gold operation there [living there]. Mr Bell will not be getting the "call up" [he is outside the age group given German has just said its compulsory?] so he can attend to RRR's business of the gold operation in Burkina Faso @BILBALE.
Typo: Should read Germany. Not sure why the software is typing out wrong words?
Americans retirees also "called up."
PS
Four separate sites...... From that you can take it that the alluvial deposits cover a very large area. If it was a small area and so trucking the material was not an issue you would group the plants. It also means multiple trucks. So quite a big operation.
DYOR
Ah, that is why Dr Willem Smuts, RRR Chief was holding the GEO MAP of the soil samplingetc and it looks like a few nearby areas. Two areas showed HIGHER readings concentrations. @RRR Bilbale, Burkina Faso. Ref: RRR Twitter Pics of Bilbale gold operations to start. All the areas are close by.
Helpful. I have now been here long enough to appreciate a reach RNS means nothing, The same as Bells 'ramblings' on stockbox. 2 years of drc is 'imminent' is proof enough, do you not think?
Huh? Doggie registered at London South East on 24 Feb 2024 and first few posts asked "permabear Ban..." why negative posts? Maybe, Doggie forgot he has only been on RRR since 24 Feb 2024 so ...? Puzzled.
"RRR is about to start gold production next week"
Helpful - a bold statement but I'm interested to see if you even believe it yourself.
When do you believe they will have produced enough gold to create a commercially viable sale agreement and start to generate revenue - end of the month???
Only 1 way to find out. Maybe, A.Bell, Chairman will allow shareholders, that is, to do a site visit when production has started at RRR @Bilbale, Burkina Faso. That way, it is a FACT-FINDING tour [at own risk] by shareholders. At the site, kindly bring share certs of RRR as akin to RRR AGM's entry requirement. All the naysayers have gone , LoL, maybe they are busy booking over due holidays? Me, I would rather sit at home and read RRR RNS's. LoL.
Doggie, what happened to your numbers?
Ok, I will play along even though I know this is Maisie and Charlie Brown territory.
"RRR is about to start gold production next week"
Helpful - a bold statement but I'm interested to see if you even believe it yourself.
The RNS says "The first gold wash plant is expected to arrive by air within a few days and will start operation." "whereupon Mr Samuel and myself will relocate to Burkina Faso to be on site for the whole period of transition into stable gold production and to prepare for larger scale mechanised mining."
Nothing to do with what I believe: who in their right mind flies in a gold wash plant and then leaves it sitting around doing nothing, they may as well ship it. Same with AB and Sam, what they going to do fly out and sit around getting a sun tan?
When do you believe they will have produced enough gold to create a commercially viable sale agreement and start to generate revenue - end of the month???
You don't do sales agreements for gold. BF is a large gold producing country, you just sell it to broker/agents in the capital as and when it is produced. An issue will be security: so maybe you only move larger amounts. Apparently Brinks Mats operates in the capital. https://www.linkedin.com/in/souleymane-kabore-40bab1195/?originalSubdomain=bf
We should know a lot more when and if that report is published. In the meantime there is a presentation on the company's website.
DYOR
News, it is 40c during mid day. You would be insane to go there voluntarily.