Member Info for Helpful

Gold currently $2,138.

A number of chartists in the last week posited that this was the next resistance point. If it goes past $2,140 then the next resistance is much higher.

I was posting last week about the possibility of gold going past $2,100 and the trolling were doing the usual stuff. Now it has happened suddenly it doesn't matter and makes no difference to RRR's gold assets.... Funny!

One interesting thing the trolls have not picked up on is, why has RRR engaged with Canadian Consultants to market the CDI gold assets at Toronto PDAC but the Burkina Faso or Australian gold assets?

I have a theory; RRR has a way forward with Burkina Faso with early production and on Australia the market for gold IPOs has picked up and so it has a way forward on RRAL too.

If RRR gets all 7 licences in CDI issued then the cost to RRR to move them forward quickly and efficiently would be disproportionate. Likely RRR would have to spend $7m/$10m+ over the first licence period. There is some alluvial on one of the granted licences but the prospect for early revenue is not as great in CDI as in Burkina Faso and RRR is further on with its plans for early production.

Separately, there is a lot more investment activity and interest in CDI gold then in Burkina Faso.

Thirdly, the alluvial area at Bilbale in Burkina Faso is extremely large and RRR should concentrate on that. Look at the recent tweet from RRR that stated that the kit being moved into place in Burkina Faso could handle over a thousand tonnes an hour dependent on the soil type: the throughput would be lower if the pay is heavy clay rather than gravel. Why would you move that amount of kit into Bilbale unless you knew you could produce at high levels for a decent period of time (years!)

DYOR

£2,135

Going well.

Makes our gold assets more valuable.

DYOR

Cornhill used to be very good at that game. They used to forward sell a company and then go to the company, offer it money and then square their book.

DYOR

"From grass-roots exploration through to mine closure, our expertise in project management, property valuations, Mineral Resource and Reserve estimates, NI 43-101 and JORC technical reports, and due diligence reviews has distinguished WGM as the most trusted name in exploration and mining since 1962."

It seems having these people showing our CDI assets around Toronto PDAC is a bit of a coup. We have already had a number of people approaching RRR but this will now put RRR's CDI assets front and centre. Maybe we will get a bit of an auction going.

As I keep showing CDI is a very active jurisdiction for deals.

Fingers crossed

DYOR

Http://www.wgm.ca/

These are the consultants.

DYOR

Https://twitter.com/RRR_RedRock/status/1765301967956406395?t=66fHZMUmZSrf4J__fOVdEw&s=19

DYOR

H5O, RRR has a lot of gold assets. The one prime for sale is the Macalder Tailings; just need to get the renewal finished.

Migori needs a bit of drilling to reinstate the previous 1m+ Oz JORC at which point a JV can be done.

DYOR

Https://twitter.com/RRR_RedRock/status/1762457329683849244?t=l6PG8W014FJdWjuMDMEAng&s=19

Https://twitter.com/SomaGoldCorp/status/1765019259766468743?t=ViDmsTOvHfUi8wR_7uxzIQ&s=19

Supply for the El Limon mill

DYOR

Https://x.com/graddhybpc/status/1764957101913199041?s=20

DYOR

Dukey, the man who will stop at nothing to do AB and RRR down.

RRR is in a good place: RRR has a number of gold assets. It has the royalty on El Limon, it has the Aussie licences in a JV with POW (two of which are suitable for early production), it has the licences in CDI (two granted, four close to grant and another a bit further back), it has the licences in BF (two granted and another 4 in the pipeline), it has the licences in Kenya.

It has multiple parties subject to NDAs and it is in discussions about assets.

The lithium price is recovering nicely which will help ALR. It is close to settlement in DRC which will then lead to RRR picking up the pace at Luanshimba and Kimono. It looks like Juno is making progress on securing a partner for the magnetite. Elephant is making good progress and news should be incoming soon and the Damara Fold Belt is attracting a lot of attention in its onshore Namibian acreage.

Lack of cash is not the same as not being in a good place. All of those assets have value as will be demonstrated in due course.

RRR should have four income producing assets later in the year: Bilbale alluvial gold, El Limon mill royalty, ALR lithium sales and quite possibly the oil & gas. I also expect a couple of JVs in CDI and the start of the RRAL listing process.

So all in all things look pretty good: a few challenges but that is the way.

DYOR

Https://twitter.com/graddhybpc/status/1764942289900564849?t=n-4Q7GkNZxIcYFX_HkUubw&s=19

DYOR

$2,125

Very good.

Everyone with gold assets will be doing what they can to bring them into production or expand production.

DYOR

Https://twitter.com/jczuleta/status/1764919365223268409?t=gN18iuuP_TBY_bpEpQpg4A&s=19

DYOR

Update on Napie Shear Zone

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02781088-2A1509610

Neighbours

DUOR

DYOR

Https://twitter.com/TaviCosta/status/1764713184689025054?t=gaTxQuM3RMlx_JNgQ1Jf1g&s=19

DYOR

Https://x.com/eResearchCOM/status/1764680203450630607?s=20

DYOR

Update from Recon Africa on Friday. Recon has the acreage to the north and north east of Elephant Oil's onshore Namibian acreage. The Damara Fold Belt is what we are interested in; it trends into Elephant Oil's acreage.

https://finance.yahoo.com/news/reconafrica-announces-filing-quarterly-financial-130000390.html

"incorporate the updated resource report on the Damara Fold Belt currently being evaluated by Netherland, Sewell & Associates ("NSAI"), and expected to be completed in March 2024."

The Damara Fold Belt also trends North East from Elephant Oil's acreage into acreage owned by Monitor where 88 Energy has farmed in recently.

DYOR

Jeepers, $2,109!! Do we have a short squeeze?

I know there is a special type of obtuseness unique to derampers, the special "I don't understand"....

AB reported to the market what he was told about the process and what he understood. That doesn't mean he has any control over it. As I keep saying it ain't done till it is done.

xx