focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://twitter.com/minenergybiz/status/1791772414533132480?t=klmU2Kf-zV2SquH4D6gCVg&s=19
Very good.
DYOR
Https://twitter.com/TaviCosta/status/1791515312547828144?t=Y-skH6Fl9irUw7nR3UpPuA&s=19
DYOR
Https://twitter.com/garysavage1/status/1791586330004373996?t=zYuoZ_YFtXMoo_mvPADrLg&s=19
DYOR
1. Faso is going to be doing "trial" production using semi-mechanised production methods.
2. The gold production will be dictated by the throughput capacity of the kit, soil type, grade and recovery rate.
3. Once Faso has a production licence it can go to mechanised production. This would be phase 2.
4. The production of gold in phase 1 will be less than in phase 2. The marginal cost in phase 2 will be less than phase 1.
5. Faso will make good money in phase 1 and serious money in phase 2.
6. To get the production licence we have to go through a process. Likely we will have It somewhere around November.
Clear enough for you Nelson?
DYOR
Something for you.....
https://twitter.com/ABell2019/status/1791413656359460920?t=VNy5HWEOI_06PQRZbA3w4g&s=19
Ouagadougou and all points gold...
DYOR
Https://twitter.com/IJCarrasco/status/1791379178719211959?t=4XUaAEuNwf0SVIhXhnQE7Q&s=19
Gold
Boring Boy has an agenda and is more than a little crazed.
He states things which are untrue, repeats them constantly, gets puts straight, goes quiet for a few days and then starts up with the repetition again.
He holds himself out as a chartered accountant with KPMG and therefore we should rely on posts because he is an expert. Using KPMG as cover for his ridiculous trolling is probably a breach of his contract with KPMG. I am sure his compliance department would be interested in his fun and games.
Quoting stuff out of context and twisting meanings is standard "straw man" argumentation.
He picks up on stuff he quite obviously doesn't understand, tries to make a point and gets upset when he is refuted. A classic was trying to say that AISC was a metric the company should use in making investment decisions. If he is an ACA then he is obviously a low level audit bod because he doesn't understand cost and management accounting.
As long as RRR/Faso can produce at a marginal profit and generate FCF then it should do so: AISC is irrelevant.
To reiterate marginal cost at volume is likely to be in the range $300/$500 an ounce. Initially whilst getting going and doing semi-mechanised the costs will be higher, maybe $700/$900. However this irrelevant, what matters to RRR/Faso is proving grade, throughput and recovery; in doing so generating FCF is a win. The big numbers will be later in the year when we have fully mechanised production.
The 1,152 tpd is not my number it is from an RRR tweet. Throughput is dictated by the kit on site, soil type and competence.
Capiche?
DYOR
Doggie, did no one ever tell you that shares can be both bought and sold? It is not unlawful to sell shares.
Anyway, good luck with your deramping the shares price to get a better buy in price. Do you not realise that your constant deramping so you can get a better buy in price negatively affects actual shareholders?
Having another little charge at $2,400.
Re: copper. RRR has copper in the Macalder Tailings and at Luanshimba. Copper is also relevant to our claim against Glencore. We also have a copper prospective licence in South Australia.
DYOR
Https://twitter.com/TaviCosta/status/1791215385536008567?t=2qdhaTBMU2y60o32riHOBw&s=19
DYOR
Neighbours in CDI.
Interesting..
https://www.koboresources.com/en/news/kobo-resources-announces-non-brokered-private-placement-of-up-to-dollars45-million-and-secures-lead-order;-initiates-concurrent-brokered-private-placement-of-up-to-dollars25-million-
DYOR