Member Info for Helpful

Https://www.kitco.com/news/article/2024-05-01/goldman-sachs-says-golds-bullish-momentum-remains-even-if-fed-maintains

The weight of money argument; if GS says it is going higher then resultant weight of money will take It higher.

DYOR

Https://twitter.com/jczuleta/status/1787385658920575481?t=-K7F2Luky6ZarT7lcGuaZw&s=19

DYOR

Mayan became HE1, I made decent money on HE1. As I said, low intellect. I suggest you check out the HE1 IPO document before prattling on.

Https://twitter.com/TereaAfrica007/status/1787130923210650004?t=2BdsmV_Mar7WbVRFW_NkWA&s=19

DYOR

Reversion to the Mean, baby...

https://twitter.com/TaviCosta/status/1787206639067476248?t=4pH2Lh1X528-SVaaPtnzyA&s=19

DYOR

Https://twitter.com/garysavage1/status/1787126748683080181?t=0eVsSqCEgvSiWW6ZuLYlgw&s=19

DYOR

Https://twitter.com/mineralsmindset/status/1786936715132953015?t=smt39j-GvSJrnXbWYSJNAA&s=19

DYOR

News, if you think about it, it is a good arbitrage trade.

The Chinese Central Bank has been buying tons of gold (literally). Buy gold assets in USD, which they think is going to devalue or maybe crash. In effect they are paying wholesale instead of retail. Produce gold at $1,000 an ounce instead of buying at $2,300 and you have dumped your dollars.

If that is what they are thinking then the price of gold assets is about to rise. A small % change from the Chinese will make a huge difference to gold asset prices.

DYOR

News, there are exceptions. The thing about ten years and hundreds of millions is hard rock at depth; ie underground rather than open pit or tailings. It is also about the jurisdiction: Victoria is harder to operate in than Burkina Faso from a regulatory point of view.

RRR doesn't need a Tier One deal to make good money. Some companies will turn their noses up at very good deals because they are in the wrong jurisdiction.

I am in a number of shells; one has a copper tailings deal (about $1bn of metal) that is about to close. It will take about 12 months to start production, it should list on AIM October/November. Another has decent gold/copper that will be open pit: should list AIM October/November and take two years to bring into production. Another is O&G in Texas that reversing into an OTC company and will then move up to NYSE. None are Tier One but all will make decent money, which is good enough.

As I have said multiple times, the model of spending some money and flipping the asset to a bigger company has been largely broken. That might be about to change for gold and copper assets. Bottom line, we should only be after assets that can be brought into production fairly quickly.

Once Bilbale is producing we need to do the same on our other alluvial assets. Once we know it works and that we can operate alluvial assets successfully, we should pick up other similar assets and repeat the trick

DYOR

As I said, low intellect.

This is like having an extra ex-wife. If I took the placing, I am a parasite trying to sucker people in and if I didn't, I am a loser trying to sucker people in.

Bottom line is, the trolls want to try and personalise everything because they have no response to what is happening on the ground.

🤞 Bilbale comes on line soon.

DYOR

He is. I was responding to Doggie.

Well if you are quoting him, he is wrong: it doesn't say that.

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

First it is a model not a forecast. He can't pick and choose different bits to suit his argument. Secondly, that was from February 2024; things have moved have moved on since then.

The 1,152 tonnes per hour is from a RRR tweet: it is not my number. The tweet gives a range of throughput based on how much clay is in the pay dirt (no one knows at this stage).

I have seen nothing else that confirms the current intended throughput: so this is the current best information.

If he is saying the model is what we should take seriously perhaps you should ask him how he reconciles where it says 61 ounce gold per day with saying the whole thing is a scam?

61 ounce per day is around $3.3m pm pre royalty and pre-tax.

$3.3m pm is not nil.

NB this is trial production: it is semi-mechanised. Once we have the production licence we can go to fully mechanised.

The important bits:

Is there gold or not?

Can we extract it?

What is the marginal cost?

Boring Boy really doesn't know what he is talking about.

Once they are on site and producing, then we will know.

DYOR

Well now you idiot trolls have made sufficient fools of yourselves prattling on about the last placing; I didn't take any. So presumably you now change the idiocy to something else.

🤪

There was a shortage of pints in Manchester that week. GMP didn't want me to make it worse by having you hang around any longer than necessary.

Https://www.usfunds.com/resource/evaluating-opportunities-in-gold-and-the-junior-mining-sector/

DYOR

Dukey, surely you are not still on the lash at this time?

How about paying that £1,000 you owe to Christie's Hospital?

Https://www.ft.com/content/3d2727a0-96c7-499c-a0d4-176de4548a83

DYOR

Https://en.wiktionary.org/wiki/Nelsonian_knowledge

Nothing wrong with limited intellect but not checking anything or reading anything along with insisting that there is no need to check anything or read anything is a recipe for disaster.

The company puts out plenty of information about what it is up to but the trolls persist in pretending it doesn't: it is called "Nelsonian Knowledge".

For instance the bedwetters are are getting excited about modelling the outcomes for 1,000 tph. Yet the company itself posted this; https://twitter.com/RRR_RedRock/status/1762426092051116099?t=GwZ62SiwbQcpf9Y8SmGGBQ&s=19

"The equipment brought in for our alluvial gold test programme at Bilbale will be able to handle from 288 tph to 1,152 tph"

Work it through at 2 g/t.

Since then, the company has upgraded it's plans and will now have over 100 people on site; 23 specialists are being flown in from India.

FASO/RRR is not doing this for 5 tph.

The actual throughout will be affected by the clay content.

This for the test/trial production which is semi-mechanised: once they have the Production Licence they will move to fully mechanised and the throughput will be stepped up.

Have a nice day.

DYOR

News, the only restrictions on alluvial production is the physicality of feeding the pay dirt in. Putting enough kit in parallel to process the feed is not a big deal. You might need a bigger pond but so what? What you need is a proper operational plan to manage the feed. It can be done mathematically, it is called transport theory.

The restrictions are not the same as with an underground mine.

As usual we are dealing with people of limited intellect who know nothing whilst insisting they know everything. 250 tph wash plants are on the internet for $50k: what is the big deal? RRR has posted on Twitter that the throughput on the initial kit being installed is over 1,000 tph. RRR is only allowed semi-mechanised production: fully mechanised requires a production permit. Once the permit is in place then fully mechanised production will start.

DYOR