Speccy9 Dec 2023 10:23
You are wasting your time with Boringboy,
Everything not in an RNS is a lie and needs to be confirmed in an RNS. Everything in an RNS is a lie. There is no way he can be dealt with in a rational manner: logic and reason don't compute for him. He is tautology in human form.
I might unfilter him when the DRC RNS lands; I am sure the claims will be along the lines of, the wrong type of dollars, who knows if it will ever be paid, try getting it out of the country, Bell has already spent it all and so on.
Meanwhile, in the world related to rationality; gold has held $2,000 and lithium is on the turn.
RRR should have three income producing assets in fairly short order: FASO, ALR and El Limon.
Interestingly, AB confirmed in the recent interview that RRR has changed its model: it has moved away from the conventional exploration model and is now moving to a cashflow model.
Historically, the model for early stage exploration is: secure a licence, beg borrow and/or steal enough cash to move to the next value inflection point; raise capital on a higher valuation and go again; eventually you have moved the asset to the stage where it can be sold to a larger company for a multiple of the capital spent on it. That model no longer works and hasn't for a while. The model now is cashflow which enables RRR to develop its assets without access to the capital markets and without a need to dilute.
There is a severe shortage of capital for early stage assets; I get sent several a week looking for money. If RRR can sort out a strong cashflow from the above three assets and possibly Cote d'Ivoire in due course, then it will be a very strong position.
PS Alluvial gold mining is pretty straightforward; watch the TV series Gold Rush.
DYOR
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