Member Info for Helpful

For someone not interested in what I have to say, you seem very interested: bit schizo perhaps or bipolar?

Anyway, I will let you prattle on to yourself.

Are you expert on that sort of thing? Good luck with gold shorts.

Why do you sign yourself off as clown? You can't have lost that much shorting gold!

Lots of green boxes. Ask Boring Boy how he did on McColls and how he is doing on Zephyr? The official kiss of death.

Indeedy. He converted the loan, it wasn't the company converting. Why not just leave it outstanding and continue to accrue interest?

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02857642-3A651576&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

DYOR

H5O,

none of that changes that I asked him a few times and he denied it. Make your own mind up.

H5O. AB says Aunt Ettie is not him. I have asked him a few times.

Https://x.com/CarlCapolingua/status/1838006408593506630?t=e2hNs_1RHUctj3xxJmKJmw&s=19

DYOR

This is interesting, I didn't know this..

https://x.com/jczuleta/status/1837694105884766520?t=wiLlvJJCUnqgK6np9N5MVQ&s=19

DYOR

7% royalty, 17.5% Corporation Tax on profits, revenue share with our production partner.

So the net figure won't be so good but we only pay Corporation Tax on profits. So, whichever way you cut it, it still looks decent. Now looking more decent with the rise in the gold price.

But until they are on the ground and have been producing for a few weeks, we won't know the actual numbers. Some gold will be "free" gold and some will be still fixed in saprolite. So to recover all the gold will require two passes, the second pass through will be after the material has been through a crusher.

DYOR

Https://www.rrrplc.com/wp-content/uploads/2024/04/2024.02.29_RRR_Burkina_Faso_Alluvial_Project_Presentation_2.pdf

Slide 12.

I don't know because, as you know, things keep moving around. Do they go full bore day one or do it in stages?

Once fully operating, I would expect production between 100 and 200 Oz per day. But as slide 12 indicates there are variables; clay content, grade and hours worked. This has implications for cost; the higher the throughput, the lower the clay content and the higher the grade the lower the marginal cost. With all the boxes ticked the marginal cost might be $300/$500 per Oz but if the variables go against us it might be $900 per Oz.

With the sales price around the spot price we will have a decent margin.

We have alluvial on multiple sites across both licences and we have alluvial in CDI. If things go our way we could have really decent production by year end.

DYOR

I think it already has and does. Whatever it's gold licences were worth a year ago, it is now a multiple of that. The company has already said it has signed multiple NDAs and had multiple approaches. Just because that is not reflected in the share price, yet, doesn't mean it hasn't happened.

DYOR

Https://x.com/davids_capital/status/1837095895122202914?t=MlCW7cqjA59yaRSfrBv1sw&s=19

$2,622.30 close

$2,700 soon?

DYOR

$2,620

$2,605.27

Yeeeehaaaw!

DYOR

Https://x.com/KoboResources/status/1836756714521002330

Neighbours.

Note we have extensive alluvial on our CDI acreage. Originally Kobo was set up as an operation to concentrate on alluvial production and then flipped to hard rock. Their acreage at Kossou abuts our acreage at Kossou.

Just as we are targeting alluvial in BF, there is no reason why we can't target alluvial in CDI. Obviously for risk management, RRR would want a different partner. Just as companies don't want to be dependent on one supplier, so they shouldn't want to be too dependent on one contractor.

The rules are slightly different for CDI, compared to what they are in BF.

DYOR

$2,599.48

Nearly there

$2,593

£2,600 next

DYOR

Interesting about the shareholders.

https://youtu.be/CthfIJcwi_8?si=9kQ_rvg-UnEZ_LO3

DYOR