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I'll echo your silence Banburyboy, because if something is in a period of storage, there may be no further related news to currently discuss.
There is an older claim: "silence is golden"...
The radio silence on the 200 tonnes is massively telling.
Trust in the company was allready low but the rubbish on Chinesez buyers, 200 tonnes and judge us by our exports !! Took it to a new level.
Even if they received $7.5m after Greenland the Nomad would want I suspect independent validation. Beware the DRC Reach RNS it is NOT accompanied by no independent assurance.
Maybe the downside is transportation? I mean, we've lost some 200 tonnes of lithium somewhere, a tonne or so of gold, well that would be child's play for this lot.
News, you are right about the modelling. As I have said several times until they are on the ground it is all ifs, buts and maybes. But if RRR says nothing then the trolls say, oh they are quiet it has all gone wrong: why is there no guidance?
There will be areas of high grade and areas of low grade. The depth of the pay dirt will vary, as will the thickness. The rate at which the material is processed will depend on the amount of clays in the pay dirt. Some of the gold is "free" and some is "fixed". The fixed gold is likely in saprolite.
To process all of the material they will need to run it twice. No point in doing the second run till they have a crusher on site.
Nonetheless, to get an idea of what is possible you have to model something.
If they get 1/1.5kg of gold a day during the trial period, I will be more than happy with that. The best guide is the comments in Willem's report about the activity from the locals. If there was no gold, they would not be doing what they are doing. The only issues are what is the grade and what is the marginal cost? We can model it but we can't know it till they are on site doing the doings.
Anyway, as long as they have production and it is profitable, where is the downside?
DYOR
News, my last reply to you...honest! You're the one who keeps going on about 2010 RRR when, as along with other junior companies, it had a massive rise. So you're either on about the here and now or you're not.
And Maidit, please keep posting, it doesn't half bring a smile to my face!
News
Helpful provided what they call in the commercial world a rough modelling"
Rough is the biggest overstatement in the world.
He is on record as stating
- $350 - $500 per ounce cost. That's Rubbish. He's doubled that but still light
- 1,100 tonnes per hour throughput. That's rubbish He's revised that down to 100 tonnes still way over but better.
- Production mid April 24 - Rubbish.
This is not rough modeling it's garbage.
What makes it criminal is as blueboy has alluded to he is a company insider who IMO is deliberately trying to mislead.
Take your blinkers off and look at who he is.
Most on here have far more of a problem with Lundy than RRR.
We're he to quit posting you would see a far better board.
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Let me elucidate: There were 53 posts on RRR forum. It was said I was posting on this forum so, in the header, the person reading will know that I have NOT been posting on this forum since 21. 4.24 - an external posting polis. Hope that clarifies. As to the 2nd part of my header, I have been going round and reading many forums/ These are my conclusions: The commodity market has had many changes, prices and cycles. YEAR 2010 was RRR's year when it went from 0.25p to 23p per Paul Johnson's recent tweet. WILL IT COME ROUND AGAIN? John Cornford of Master Investors said that for GGP, that is the type of stories that are the legend of junior small caps. On American/Canadian stocks, I saw the list yesterday of cents to dollar $ co's. Some come from the Lundin family co's in this space. So, the question and many will now attest to is what WILLEM MIDDELKOOP said: IT IS THE PROJECT/deposit. So, posting about RRR yesteryear is NOT of relevance now. It is the here and now and that remains to be seen. Helpful provided what they call in the work place/commercial world, a external rough modelling and so does the co -whether this eventuates is also tested by ground conditions. But it is understood as modelling and forecasting which is NOT fact yet. Hope that clarifies. News, 1 May 2024. I always like to assess and revisit, hence my visit today.
Ha ha good point Blurboy, plus the fact there was probably more words in one of news’s post than in 100 of any one else’s. If SP drops further I can see him starting again ! The ask dropping yesterday did encourage a few buys, but unfortunately I think the placees are getting twitchy after the last pump failed and if they can catch a bid anywhere above 0.05 I think they may be smash it. Doesn’t bode well for Pi’s with a higher average, as it’s impossible for a Pi to have a lower average than the placees (the few). Let’s hope no more sells sub 0.05 today as could be brutal here of there is ! As always DYOR and all above is just my opinion …..lol
Who cares? It was perfectly ok in your eyes when you were posting 30+ times a day, all day, everyday wasn’t it? If you want to do serious data collection don’t be selective in what you pick and the times just to suit your agenda, it’s very amateurish.
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