RE: RRR: Chairman, A.Bell is in Kenya per his tweet, Mon, 4 Mar 2024 [MIKEI4 Mar 2024 22:04
Gold price today: "GOLD NEAR RECORD HIGH @US$2,116."
https://twitter.com/peter_krauth/status/17647114410288377424 [Mon, 4 Mar 2024.]
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FIRST EQUITY RESEARCH NOTE 2022 [JAN]-Not sure how much gold was then to value @JORC Mikei, Kenya @RRR at $13m.
Let's do some simple maths:
"1.2moz gold -Mikei, Kenya at US$1 =US$1.2m.
At $10= US$12m.
At $100= US$120m.
At $1,000= US$1.2 bn.
A/c to Barrick Gold, All-in-Sustaining-Cost [ASIC] is $918 per oz of gold.
Comment: So, say for example, Mikei , Kenya @RRR has 1.2moz gold JORC and currently gold price is US$2,116.
Therefore, even if ASIC is say for example, US$1,116, there could be $`1,000 per oz difference ie gross profit?
Nice, no wonder Mr Bell is in Kenya today, Mon 4 Mar 2024 via 2 tweets.