Https://www.energy-pedia.com/news/namibia/reconafrica-provides-update-on-operations-and-confirmation-of-a-new-fold-belt-play-in-the-kavango-basin-191104
Damara Fold Belt.
DYOR
Doggie, do you mean this? https://youtu.be/r6cixQCULdM?si=oEaWCVOZM7g7xoXI
This has already been addressed multiple times. I have posted numerous links showing the depth of the gold trade in Ouagadougou. There is no problem selling gold within BF.
This is aimed at illegals and Artisanals not paying royalties and corporate taxes. We have the support of the Govt as evidenced by the presence of armed Gendarmerie and military at the site plus the speed with which the illegals were removed from the site.
This is standard Boring Boy nonsense; posts nonsense, gets refuted, posts different nonsense for a few days and then resumed previous nonsense. Endless cycle of nonsense. Some might suspect an agenda.
The Govt actively wants us progressing because we are a Western company that will pay taxes; they don't want Chinese and Russian operators.
DYOR
Https://gold-wash-plant.com/portable-wash-plant/
https://youtu.be/1Djz2cfjGGM?si=XArKH86L8TGez34p
https://www.msi-mining.com/sv9--monster-red.html
DYOR
Boring Boy is sooo Boring......
Why go and get a mining permit that allows you to go to fully mechanised production and then not go to fully mechanised production?
Fully mechanised production allows the company to process larger volumes of pay dirt; if the grade is constant then the gold production goes up. At a grade of 2 g/t working a ten hour day, RRR would need to process 1,000 tonnes per hour. Four 250 tph wash plants operating in parallel does it: the cost per 250 tph wash plant is $50k on Alibaba, you get discount for more than one.
It really is not a big deal. Things that matters: grade and soil type. Lower grade we need to process more pay dirt, more clay less throughput. We need to process more pay dirt? Then we use more plants in parallel.
DYOR
Nike, no permit needed in BF at this stage. To go to fully mechanised volume production (like 20+ kg gold per day volume) we need a mining permit. That will be in hand. I don't know (because no one can know) but I would expect the volume production to start November/December, all being well.
Before the trolls start drivelling: until something is done, all anyone has is plans, expectations, intentions and so on. The trolls try to have it both ways. "You must tell us what you intend to do....", "We intend....", "ah but you haven't done it, have you....." Repeat and rinse.
DYOR
Morning trolls, more bad news for the trolldom.
https://www.fxempire.com/forecasts/article/gold-price-forecast-the-bull-run-in-gold-miners-is-just-starting-1426464
The way this works is valuations of assets and companies pick up. Companies raise money because they can and they go shopping for assets and takeovers. That pushes asset values higher and company valuations higher: for everyone....... Including lil' ol' RRR.
Top of the morning to you......
Looking forward to updates on BF (gold fkn everywhere), on Australia and CDI.
DYOR
And all that good stuff.
https://twitter.com/goldseek/status/1783925511439147278?t=-sN-gDKUnhj6g2MzivzpEQ&s=19
Gold assets are going to flip from a period of massive under-valuation to massive over-valuation.
Question is how much over and for how long?
RRR has lots of gold assets.....
DYOR
Doggie, you are such a pl****.
I comment on news and post links to technical stuff. We know what the recent statements were, we are waiting on an update. They said that they were going to move an initial plant out by air and then more by ship. No statement! What are the possibilities? Unfortunately for you not all of them are bad news.
This is what the RNS said: https://www.londonstockexchange.com/news-article/RRR/drc-and-gold-assets-update/16408973
"leading to early alluvial gold production initially at one location but then at up to four locations. The first gold wash plant is expected to arrive by air within a few days and will start operation."
Maybe after reviewing Willem's report and the practicalities they have decided they have to go big from day one? Ever consider that possibility? As with everything there will be two costs; fixed and variable. Much better to have a bigger operation to spread the fixed costs across. I can't see AB and Sam being keen on staying out there for any length of time unless there was decent scale to the operation.
Only pointing out one possibility...
BTW we have this sort of drivel any time RRR comes out with some news or some non-troll posts on here: "but what about x?" Well BF is front and centre right now but we are due news on Australia and on CDI. It doesn't mean that they are ignored just that the news has not arrived yet. So if it comes out with other news, the trolls will be, "Oh look, it is all about x now and BF is forgotten"
DYOR
Https://twitter.com/jdsheal/status/1783555444264558997?t=rUc0CLoPekI9hu0S0gBxGA&s=19
Interesting.
DYOR
Ah Dukey the "man of my word": paid the money to Christie's Hospital yet?
Tell us about how no one was interested in buying Musonoi and how RRR was not getting it's Kenya licences reinstated.....
Https://twitter.com/mineralsmindset/status/1783498836243345810?t=thKliM0dQ9GwaOgdV2592Q&s=19
Looking better.
DYOR
Https://twitter.com/TaviCosta/status/1783586318766797141?t=MfjmQE1Th83U7NJ2sbt0KQ&s=19
DYOR
Https://x.com/TaviCosta/status/1783515385733566836
In the 70s we had Stagflation. Stagnant growth and high inflation.
DYOR
$9,900 heading to $10,000: looking better for copper assets.
https://markets.businessinsider.com/commodities/copper-price
DYOR