Member Info for Helpful

Https://twitter.com/BrianKuszmar/status/1786436246690045976?t=KKMyR-I8nn_YkM_mhqKtuA&s=19

DYOR

Https://www.theguardian.com/business/article/2024/may/03/glencore-may-trigger-bidding-war-for-mining-rival-anglo-american

DYOR

Nike, no need to defend me. They are just tedious in the extreme. They know everything and yet nothing at the same time.

So sad that they have nothing better to do in their lives than make up stuff about a company they are not invested in.

Anyway, as I said a while back (just for the trolls this one) RRR is in a good place. It still is in a good place.

As to not being on here, some of us have other stuff to deal with.

DYOR

Who gives a toss what you think? You are a non-shareholder, you have a agenda with AB that is way beyond obsessive and you are consistently wrong. Pay the money you owe to Christie's Hospital and clear off.

It is easy if everything works.

Assumes you have the grade, the pay dirt is a decent mix and you don't get kit breaking down.

Look up aqua regia: it is how to hold gold in liquid form to stop it getting stolen.

There is a lot of pay dirt already mined waiting to be processed.

DYOR

There is more money to be had at Bilbale.

Maid, we have about $3mil outstanding in royalty payments from Soma Gold. I posted the relevant bits yesterday or Tuesday. They are about to restart the El Limon mill and once it is running they will be paying a 3% NSR quarterly in arrears. Their AR from a couple of days ago said they were finalising the restart: so the restart could be any time now.

The restart was supposed to be December but it has been delayed; IMHO partly by their CEO leaving.

DYOR

My point was, spending a load of money, then walking away. Contrast with Bilbale, minimal spend and into production. Give me Bilbale and another one or two similar every day of the week.

DYOR

My point was, spending a load of money, then walking away. Contrast with Bilbale, minimal spend and into production. Give me Bilbale and another one or two similar every day of the week.

DYOR

For those unfamiliar..

https://www.proactiveinvestors.co.uk/companies/news/212371/vector-resources-acquires-majority-stake-in-adidi-kanga-gold-project-212371.html

DYOR

Https://www.proactiveinvestors.co.uk/companies/news/1046425/greatland-gold-strongly-positioned-to-buy-havieron-back-if-newmont-sells-1046425.html

Interesting. So after spending a huge amount of money, Newmont walks. Similar happened with Adidi Kanga, a fortune spent and then time for walkies.

Much better, minimal capex and revenue. Give me Bilbale all day long. We have similar in CDI. I was explaining to AB a while back, for all the issues in BF, Bilbale is the one that should be progressed. Hopefully we can do something with the Alluvial in CDI.

DYOR

One for the trolls; got to keep the crazies fully fuelled.

https://financialpost.com/commodities/gold-could-go-as-high-as-3000-forecasters-say

DYOR

Https://www.cbsnews.com/news/what-will-gold-be-worth-by-the-end-of-2024-heres-what-some-experts-predict/

DYOR

News, you are right about the modelling. As I have said several times until they are on the ground it is all ifs, buts and maybes. But if RRR says nothing then the trolls say, oh they are quiet it has all gone wrong: why is there no guidance?

There will be areas of high grade and areas of low grade. The depth of the pay dirt will vary, as will the thickness. The rate at which the material is processed will depend on the amount of clays in the pay dirt. Some of the gold is "free" and some is "fixed". The fixed gold is likely in saprolite.

To process all of the material they will need to run it twice. No point in doing the second run till they have a crusher on site.

Nonetheless, to get an idea of what is possible you have to model something.

If they get 1/1.5kg of gold a day during the trial period, I will be more than happy with that. The best guide is the comments in Willem's report about the activity from the locals. If there was no gold, they would not be doing what they are doing. The only issues are what is the grade and what is the marginal cost? We can model it but we can't know it till they are on site doing the doings.

Anyway, as long as they have production and it is profitable, where is the downside?

DYOR

Https://twitter.com/StockheadAU/status/1785421606925316253?t=f2I8lVJlWk06GyL2nAxXVA&s=19

DYOR

Morning trolls.

Mako Gold - neighbours in CDI

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02800692-2A1519998

DYOR

Doggie another expert who knows nothing. Tell us again about how you have to pay VAT on exports.

In case you haven't worked it out yet; if you have previously paid VAT and then you export, you claim back the previously paid VAT. No one gets charged VAT when exporting goods.

Hey Dukey, Mr "I am a man of my word". Are you going to pay that £1,000 to Christie's or not? Are you going to explain to everyone why you thought Musonoi was worth nothing and no one would be interested in buying it, just as Glencore was getting ready to pay $430mil for it? Are you going to explain why you insisted that RRR would never get its Kenya licences reissued just at the time it was getting them reissued?

DYOR

"El Limon The Company owns 100% of the El Limon Mine and Mill in Antioquia, Colombia. The mine is subject to a 3% NSR royalty on gold mined on the El Limon mineral licenses, to a maximum of US$2,000,000. Upon reaching

the US$2,000,000 NSR royalty threshold, the NSR royalty decreases to 0.5% up to a maximum of US$1,000,000."

"Initiating the restart of the el Limon Mill is a key component of our strategy to expand milling capacity. This move positions us for increased production capacity and sets the stage for robust growth in ounces produced, extending into 2024 and beyond"

DYOR

Https://finance.yahoo.com/news/soma-gold-reports-end-financial-090000520.html

"Finalize plans to restart the el Limon Mill to process both excess ore from Cordero and ore from formalized small miners."

DYOR