Member Info for Helpful

https://twitter.com/HedgehogTrader/status/1604899360093138944?t=QKN5-cdiZQcVOfZj5TM-hA&s=19

https://twitter.com/RRR_RedRock/status/1604893230369210371?t=MEPfVH3_Lu1gszPJqBxe4Q&s=19

Not very much but enough for us to be very happy with it.

The issue is that we just want to skim the top off the resource and not disturb it. We want to be able to drill it at a later date and determine a proper resource. Secondly, the price that we can sell the 2% DSO for is a fraction of the 4.5% export grade product.

So we want to generate enough cash to fund activities but not sell so much that we are cutting our own throat.

We also want to fund a second EMP for Birkita and bring that into production too.

So we need enough cash to move up in the 4.5% grade on Till Hill, define a resource, bring Birkita into production and then move that up to the 4.5% grade.

There will be a bit of toing and froing but it looks pretty good to me.

Down the road we want to progress our other licence applications.

DYOR

Panda said $951/t not $95.10/t. You are out on that calculation by a factor of ten.

For the 2% DSO all they do is blast, dig, move, grade and sell. For the 4.5% operation there is more involved. In the 2% DSO the costs are de minimis.

DYOR

Given that I put $100k in you might think that I would know exactly what those numbers are.

A couple of problems: I am not sure that the company wants those numbers to be in the public domain yet and I am not sure how the FCA might regard those number being put in the public domain.

There are two different numbers: 2% ore for the local offtaker market and 4.5% for the export market. If I can find something in the public domain that gives those numbers I will post them. The second is a multiple of the first.

DYOR

Wait till people find out the numbers. The NOMAD wouldn't let RRR put anything in the RNS because it might be deemed to be a "sales forecast"

Very good news.

ALR and RRR should be making some decent money pretty quickly.

DYOR

Well unlike you, I do take it lightly. This is only one of several investments and, apart from the irritating delays in DRC, I think we are doing okay here.

Hopefully, this breaks the log jam in Victoria and they can start to demonstrate some value. Other things are in hand, as will become clear.

And I have to say that I am glad I am not the one having to deal with the slippery ones in DRC but eventually all these things time out.

DYOR

https://ballaratgoldmine.com.au/exploration/

https://ballaratgoldmine.com.au/

More proof that you either don't read or can't read.

1. Yes I know it is extraordinary but it does
2. Developing it is exactly what they spending the money on. Read the information, maybe it will penetrate
3. Again read the RNSs and the information. This was disclosed in the RNSs.
4. Information taken from technical reports drafted by parties other than RRR/RRAL/NBGC. In fact, drafted for the people successfully operating the Berringa gold mine. https://www.miningnews.net/resource-definition/news/1204136/ballarat-unveils-berringa
5. The pretty video shows you where they are drilling in relation to the ore body and why.
6. We all know what has happened, even you.
7. Development drilling at Berringa

DYOR

The usual playground name-calling from the usual suspects as opposed to any analysis or understanding.

1. RRR has to pay its way. It is an early stage exploration company.
2. The NBGC JV has entered into a deal to acquire the Berringa asset: https://www.londonstockexchange.com/news-article/RRR/acquisition-of-berringa-gold-mine-complete/15640721
3. The licence is up for renewal. If the JV doesn't commit to the exploration programme it won't get renewed. Basically spend the money or lose the licence.
4. This is what they are after: "The focus of planned drilling will be to demonstrate the remaining gold endowment which, as outlined in 2004 and 2014 technical reports, includes possible exploration target ranges down to 1000m of 0.91 to 3.89million*,** and 0.70 to 2.91million*,** ounces of Au respectively.1,2 Further details in respect of these exploration targets are provided below."
5. This is the 3D Model of the resource. From this you can see quite clearly what they are targeting: https://twitter.com/nbgoldcorp/status/1602605080531943424?s=20&t=aAHNJK0Z_B4ioTCJJ2AT8w
6. It would be better if the DRC cash had arrived but it hasn't.
7. My view for the last six months is that we should sell or at least do a pre-IPO round of funding. It looks like the decision has been taken that the value inflection is so great post a successful drill that they should wait. Time will show who was right.

DYOR

https://twitter.com/PowerMetRes/status/1603018652177108995?t=CQyNEwez6EXnIeOf0KyBew&s=19

The work in Victoria has to be paid for.

https://twitter.com/graddhybpc/status/1603304227497033732?t=6-l-V3NVOME0D1EByJgunA&s=19

Wow! That suddenly is a lot clearer. I can see why they are going after what they are going after.

DYOR

https://twitter.com/nbgoldcorp/status/1602605080531943424?s=20&t=QGTxvjM53mxepPViEKMz_g

https://twitter.com/PowerMetRes/status/1602562556555661314?t=RfxGDTGV9HVhvwj-cmIJRg&s=19

Good news!

https://www.hydrocarbons-technology.com/projects/samgori-south-dome-underground-gas-storage-project-tbilisi/

https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1747-5457.1993.tb00103.x

https://georgiaoilandgas.ge/company-general-information/

"GOG’s main interests are adjacent to the strategic position of Samgori-Patardzeuli Field, and within the region’s prolific Kura basin, which at its peak produced approximately 70,000 bopd and in the course of its history has produced over 200 MMbbl."

"GOG’s exploration is focusing on three types of plays:

Deep Middle Eocene play in the Kura Basin “Norio Deep” – the same petroleum system as Samgori-Patardzeuli, the biggest oil-field in Georgia, but in the deeper traps;
Shallow Middle Eocene and Upper Eocene subshale play, where, by horizontal drilling and fracking it is possible to considerably increase production from existing sub-commercial discoveries starting from discoveries around Samgori-Patardzeuli and extending down to Azerbaijan."

https://georgiaoilandgas.ge/projects/

DYOR

https://iclg.com/practice-areas/mining-laws-and-regulations/zimbabwe