Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Helpful, It was originally Newcrest who bought the large stake into Greatland Gold's Havieron project. Recently, as you probably know Newmont bought Newcrest. It is Newmont deciding what they want to re-focus rather Newcrest walking away. Greatland Gold won't be surprised by this - serious commentary from the time suggested Havieron was an open question.
Originally the two majors had been one company if I am correctly remembering from what I read, so that has gone full circle - fair enough though, a bit of simplicity can be nice, small big and in between - non-exclusory characteristics for potential upsides.
Hopefully RRR will start producing gold to make the current gold price more meaningful starting with the month of June 2024
For those unfamiliar..
https://www.proactiveinvestors.co.uk/companies/news/212371/vector-resources-acquires-majority-stake-in-adidi-kanga-gold-project-212371.html
DYOR
Https://www.proactiveinvestors.co.uk/companies/news/1046425/greatland-gold-strongly-positioned-to-buy-havieron-back-if-newmont-sells-1046425.html
Interesting. So after spending a huge amount of money, Newmont walks. Similar happened with Adidi Kanga, a fortune spent and then time for walkies.
Much better, minimal capex and revenue. Give me Bilbale all day long. We have similar in CDI. I was explaining to AB a while back, for all the issues in BF, Bilbale is the one that should be progressed. Hopefully we can do something with the Alluvial in CDI.
DYOR
Seems to have recovered it's losses from a low of $2801 this morning and now firmly back over it's base of $2300 and still looking good for next month expected $2500 and should come just in time for RRR soft production launch ? another positive is that the trolls did not get the drop they crave today with more sells than buys, although the 7m worth near the end @ 0.052 look like buys, an improvement on the price'' but can't be sure...
keep up the good work NEWS / HP'' / H50'' / NIKE and all, we are very close despite the day to day noise to put us off
REGARDS
One for the trolls; got to keep the crazies fully fuelled.
https://financialpost.com/commodities/gold-could-go-as-high-as-3000-forecasters-say
DYOR
Maidit- fyi No one would knowlingly build a 'weak gold room' Everyone would want a 'strong gold room'
Based on RRR's news releases, postings, and interviews RRR's partner has operated alluvial gold plants before, operated in Africa before and therefore should know what they are doing. Their report, which released by RRR, was very positive so now we wait: equipment to arrive, passports & work visa's to be obtained to allow for legal entry into the country for both equipment and people.
June time frame is reasonable and should be achievable
Just listen back to the interview, and it was very good to here AB said'' we have already got a partner in Burkino Faso and when it comes to funding they will send us as much as we need to get production going and all the equipment we will need hmmmm it suggest to me that AB has got in with the local government bodies that controls the area and the mines in this community'' a local partner can only be a good thing when it comes to the illegals, and another big + is that we are going to sell any gold find there immediately'' to start getting revenue in from day1 more patience is required I suppose... as there will be a lot of building work going on to house the staff and fencing going on to keep out the undesirable and perhaps all the security we will need if AB is also building a GOLD STRONG ROOM ??
looking forward to next month and the news flow that should come with it...
regards
IMO the key is positive cash flow to RRR.
Yes the BF government will get something (governments always do), RRR's partner will also get something (partners or who ever funds costs always do).
An alluvial operation has the potential to be generate positive cash flow, possibly even very significant cash flow to RRR, which IMO is anything greater than $100,000 . Why? because that should stop or at least minimize the never ending dilution by RRR issuing shares while the DRC cash sorts itself out as well as the possible Australia gold IPO and Kenya license renewal. Either of those events could then trigger another transaction to unlock or realize value for RRR
IMO more than anything else RRR needs time while other events unfold for its benefit.
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
Great link Helpful.
I think RRR had a Lithium operation. You also own 10% of it. Its called ALR
In the summer 23 you said 1-5m tonnes production.
First exports of measly 200 tonnes ( November 23)
Unfortunately no exports were made and RRR have lost track of 200 tonnes.
Against that backdrop why would posters think that Lithium prices are relevant. We are actually a laughing stock in the financial press " Blue Air Resouces"
RRR has only shown abject failure to date.
Please post something more relevant :)
Https://twitter.com/StockheadAU/status/1785421606925316253?t=f2I8lVJlWk06GyL2nAxXVA&s=19
DYOR
Been around these CASINOS for years and see certain moves and signals, and I get the feeling that after 10 good news of progress from last year to now'' that our NOMAD is a wrong on'' and that his firm is looking more and more like an inside man, that have been gotten at'' and if AB don't get rid and replace them they will advise the same again and again when our SP should be going on a run..... with GOLD & Lithium on a historic rise
see what happens in the days ahead
regards
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!
As I said this morning, as soon as decent bid above 0.05 boom its taken ! 4 million sell, interesting to see if any below placing price, worrying times if there is in my opinion.
0.0525 to 1p is not impossible in this gold rush, I'm super super excited and will not be put off by trolls, that fester these threads, or dodgy NOMAD REACH RNS that seeks to hold back the rise, but have now worry in bringing a 7am regular RNS when it's a funding call so everyone can see it... ???????? to get a drop..... I see what I see in these casinos.... and it's FKN nasty.....
and will never talk to trolls no matter how desperate they get for that reaction, they can talk until there mouth stink LOL!!
Maidit you have predicted a movement North at least twice a week since you joined the board in the summer of 23.
The law of averages means you will be right one day.
But never has the saying one swallow does not make a summer been more apt than for RRR.
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.
-
Morning HP'' / NEWS'' / H50'' / NIKE'' we know the grades are high and that the geologist report was very positive, and that production will soon start in a few days time, and that SP is still on the floor because of how this good news was relayed to the Market, but I'm still excited about the future for RRR and all it's genuine shareholders time will tell..
anyway 4 trades so far 1 trade over ask so we should soon start to see some movement north''
GL
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.
Here's Helpful.
The one man share destruction outfit.
More neighbours nonsense. YAWN
Wheres the 200 tonnes ? Surely we've not be lied to ?