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Yes itโs an independent report so has credibility not BoD writtenโฆexcellent report and confirms potential significant resource gla
Can't wait helpful.
So how long do you think it will be before the next dilution?
Except it was, "bureaucratic delays". If he does an interview, he will probably explain, just for you...
Delays, delays, delays. Reach rubbish again so holds no weight whatsoever. I also notice no mention of the first wash plant being flown in anymore, as Cilla would say, surprise, surprise. Extra costs, may have to amend my countdown to the next dilution event! Tic, toc...
So the trolls working it hard.
A much bigger deal than previously indicated. A low key report but confirms significant artisanal activity and plenty of hard rock potential. 25 external staff plus the locals: a big operation.
Fingers crossed.
DYOR
Report CONCLUSION: It is the authors' opinion that the Bilbale Permit holds significant potential that requires an aggressive program of value enhancement.
It is further my opinion that this permit can, if subjected to an appropriate exploration program, realize a significant Resource and Reserve in excess of 1 Moz over the next two years.
More stories of gold in them there hills.... unsubstantiated artisanal samples with un audited samples of 8g/t of gold. this is a common thread with a conman. I have some beans to sell you....
Reach ๐๐๐
Another REACH RNS!!!
Good to know AB is working 7 days and nights a week ๐
Jam tomorrow
Thought the wash plant was already in BF obviously not"Hire equipment from Asia ๐ Another DRC excuse ๐
Update!
RNS later DRC money received "plane has landed"and started work"found tonnes of gold ๐
Content to wait for further update on it which night be more definitive or of course anyone interested in this matter could just email the company.
Regarding a small UK company with a mining interest, this might be commercial for a Government that might otherwise possibly be discounting if the country of another miner is providing security so some diversification of deals might be beneficial.
Regarding very sad mortalities due to armed conflicts and disputes, multiple primary sources if possible builds confidence in reported details. In another part of the world even a very reputable organisation has been wrong on occasion. I've usually got an open but not malleable mind while acknowledging respect needs to be maintained for serious matters.
Https://twitter.com/Lazerblue/status/1784495194588488168?t=Q7OLuIUe36p6VpZcjeYUoA&s=19
DYOR
Nike
I think the licence and permit are two separate things.
State ownership seems to attached to the permit.
The inference from Helpful is we don't have a permit ( pivot small to big)
So unlucky on timing if so. Captured by the 15% rule.
My general point is FASO tough to do business.
Helpfuls view is ridiculously jaundiced.
He promised production last week or the week before. He lurches from being wrong once to making up another ridiculous prediction which is then wrong again with far too much frequency.
Let's see what the company update says.
It is also interesting that RRR have been investing in Burkina Faso since 2008 and as two licences have been on the website / detailed for some time I am assuming they are on the basis of 10% equity to BF Government plus royalty. I'm not keeping up with the minutia all the time but if there have been more since the announcement of increase they would be subject to that, that's how I read it, either percentage seems reasonable to me.
Https://www.aljazeera.com/news/2024/4/26/burkina-faso-suspends-bbc-voice-of-america-for-reporting-on-army-killings
DYOR - seems strange Helpful said they want western not Chinese / Russian investment
Https://apanews.net/burkina-faso-to-build-gold-reserve/
Interesting DYOR
Still waiting for promised report on Burkina Faso.
Still no comment on permit is needed to start gold production.
Still watching those lithium exports as requested by AB
FYI working out how much gold is on the RRR claims is not a function of how much the river floods.
I have never read any reports where small miners rush into an area after any river floods
Four machines from Ali baba and we are all millionaire's.
Helpful in Sept 23 you were telling us 1 -5 million tonnes from Tin Hill. It was revised down to 200 tonnes that is now missing in action.
Your superlatives struggle to make the light of day :)
Indeedy.
"Near surface", it obviously is near surface, it is alluvial. There will be some overburden but it will vary from site to site. The licence is 180 km2: the alluvial is substantial.
Work out how much gold is in 2 km2 with 10m of pay dirt: likely alluvial is substantial: it is a function of how much the river floods. Check it the Black Volta, it is a big river. https://en.wikipedia.org/wiki/Black_Volta
DYOR
Revision to mean !
The high to low variation is around 100% over 40 years . So with average luck shares would double from the 40 year low to a high.
Problem with RRR is any good news will be used as an excuse to issue new shares.
No use the market cap doubling if the share count also doubles. A huge problem for RRR for as long as this board has existed. One hundred and sixty plus fund raises by issuing shares in twenty years !
DYOR .
Helpful No Elephant IPO despite three years of promising.
What's the latest ?
Don't even think we have a planned date.