Member Info for Helpful

No, no need to rely on me to connect the dots: just do the reading, listen to the interviews and have a memory a bit longer than a goldfish.

The RNS says this, "announces an update to the announcement of 18 August in relation to the Company's operations,". What that means is that the two RNSs are linked. AB did an interview post that RNS that I posted on here earlier: he quite clearly states why they are doing the sampling. No where in any RNS does RRR state that ALR intends to procure a JORC.

If ALR was being listed or sold or it needed bank finance then maybe a JORC report would be needed but one was not needed for its initial plan or for its new plan.

Any offtake agreement will probably involve some sort of advance payment from the offtaker.

For instance, if you look at the FEQ report from January, it is based on 60,000 tonnes pa and producing $10.7mil pa. Divide $10.7mil by 60,000 tonnes and you will see that FEQ was using a price of $178 per tonne. Lets assume nothing else changes and we just use a likely price for 4%+ grade, say $1.000/tonne then we get $60mil pa. You can play around with the numbers as much as you like. The FEQ report says that it values Tin Hill at $39.2mil based on $178/tonne. So if the price for 4%+ grade is $1,000/tonne we should multiply out $39.2mil x 5.6 =$219.52mil.

The above doesn't include anything for the fact the pegmatite PEG 1 goes into the hill and continues to depth and so has greater volume that previously thought or the other two pegmatites discovered on site or the possible 4th pegmatite or any of the other sites ALR has. It also doesn't include anything for the tin, tantalum, berylium or other minerals on site.

It looks to me like my slice of the middle of a doughnut might be worth some serious money.

NB I don't think we would have anyone willing to write a cheque for $200mil plus before you all start hyperventilating. This is about order of magnitude. Tin Hill/ALR is worth a multiple of RRR's market capitalisation.

DYOR

Non-shareholder who lost his shirt on RGM still hanging around ten years later.

RRR has already disclosed that it has multiple NDAs signed in respect of ALR. That was based on the previous information in the public domain that we had grade around 2%. In your very humble opinion do you think we will have fewer people interested or more interested now that RRR has indicated 4%+ grade?

NB not a trick question.

DYOR

Dukey old boy, don't forget that £1k to Christies.....

Dukey, we both know that you hate AB with a passion and that clouds your judgement, assuming you are applying any judgement and are not just trying to dish AB.

You are making the assumption that the samples are from the stockpile. The samples taken and assayed are driven by the wants of the potential offtaker/offtakers. No point in doing any more than they require.

So all the nonsense about the volume sampled and JORC is just that, nonsense. If the offtaker wants more samples taken at a later date then that is what will have to happen. There is no point in doing it now.

ALR is not trying to establish a JORC resource at this stage, it is merely seeking to contract an offtake agreement.

As to sniffing around, ALR now has a fully permitted site with at least some lithium at 4%+ grade. Once it has its arrangements in place it can start exporting. Whether you agree or not that is valuable; look at the numbers in the FEQ report and then recalculate them based on 4%+. We already know that RRR has signed more than one NDA in respect of ALR.

There are no tailings on site because the material wasn't processed on site.

DYOR

See below

https://www.rrrplc.com/wp-content/uploads/2023/01/FEQ-Red-Rock-Resources-19-01-23-Buy-Note.pdf

Since this was published RRR has confirmed that the initial pegmatite (Peg 1) is on the side of a hill (hence the C shape) and that it continues into the hill and will continue to depth.

It has also confirmed that it has identified two other pegmatites lower down the hill and that they think there is a fourth which they have missed.

They have also confirmed that the grade is in excess of 2%.

What anyone who wants to get a handle on the value needs to do is follow the FEQ model and plug in the new numbers.

1. More material in Peg1.

2. Higher grade in Peg 1.

3. Other pegmatites on the site.

4. Higher price for the higher grade sold for export.

FEQ's numbers are now well out of line. You can plug in whatever numbers you think are reasonable and form your own view.

I think RRR will now have people sniffing around even more than they had previously.

DYOR

If.......

Always used by people who like to talk nonsense. If this and if that. No JORC is required to secure an offtake agreement. A JORC is done for different purposes.

As I said only two things matter really: are the grades good enough to export? Are the grades good enough secure an offtake agreement?

No one is going to sign an offtake agreement with samples that are out of line with the resource in place. Not in RRR/ALR's interests or the offtakers.

The reason for no mention of a JORC is that a JORC is not needed for an offtake agreement. These samples are part of the process to secure an offtake agreement.

As AB made clear in the interview I posted.

Https://www.facebook.com/p/Performance-Laboratories-Zimbabwe-100068958369991/

https://www.sadcas.org/performance-laboratories-zimbabwe-pvt-ltd

Not difficult, is it?

Listen to the interview. Towards to end of the interview he makes clear what the process and intent is.

You just keep making stuff up pretty much non-stop. If you read stuff and listened to interviews maybe you wouldn't need to make stuff up.

I see the resident trolls are trying to downplay the sample results. Pathetic.

https://youtu.be/HlJbgYaMXOk?si=iHpZRIaC6Pk2vwW7

Only a few things matter. Are the grades good enough to export? Are the grades good enough to get an offtake agreement? All the other ifs, buts, maybes and whatabouts don't really matter.

No doubt AB will be doing an update interview later.

DYOR

Very

Yep

Yep. People can now go back to the First equity report from January and redo the cash flow calculations.

Not too shabby.

Https://twitter.com/HedgehogTrader/status/1703426549012218134?t=AsEBMMCLqchZkT76XmFznA&s=19

DYOR

Https://www.valuethemarkets.com/analysis/investing-ideas/best-lithium-stocks-to-invest-in

DYOR

Https://www.valuethemarkets.com/analysis/investing-ideas/best-lithium-stocks-to-invest-in

DYOR

Https://twitter.com/Buffalometals/status/1703034917108560286?t=man0l3TgDoTt3dPiGM23Fw&s=19

DYOR

Why would a non-shareholder be bovvered?

You are tapping up the wrong guy for inside information: you need to speak to one of the guys who know everything.

Https://investorsking.com/2023/09/06/three-chinese-groups-vying-to-acquire-2-billion-botswana-copper-mine/amp/

DYOR