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AB have previously said he thought that RRR's stake in RRAL was worth £24mil at listing but valuations have come down since then but they have made a lot of progress on the ground. Whatever it ends up being, it will be more than the current market capitalisation of RRR.

RRAL will give a liquidity event but IMHO Luanshimba is worth a lot more. I will be surprised if in due course the NPV isn't more than than $70mil to RRR. And that would be just on the cobalt and without the copper that they think is lower down. The reason they think that the copper is lower is outlined in the link in one of my earlier posts.

Probably, two weeks to get the initial results back from the SA lab but in the meantime they are going to do more drilling and possibly drill deeper on some holes to see if they can confirm copper in the sulphides. RRR owns 80% of Luanshimba, it could easily end up being RRR's no 1 project.

https://www.lme.com/en-GB/Metals/Minor-metals/Cobalt#tabIndex=0

Spot $52,390, 15 mths $54,365.

DYOR

Interview.

Clearly states cobalt discovery.

https://youtu.be/9N-8j4aJEg4

Couldn't be clearer.

https://twitter.com/RRR_RedRock/status/1424681243514376192?s=19

https://www.sciencedirect.com/science/article/pii/S2300396019301065

And will we get the Migori drilling RNS to make it a hat trick?

The RNS is effectively saying that we have cobalt. The hint is that they state that they have found heterogenite. Better to find cobalt than copper though likely both are there. It seems we might have cobalt at shallow depths and copper deeper.

https://www.mindat.org/min-1885.html

DYOR

https://twitter.com/pauljohnson9691/status/1424645355921104903?s=19

Best to read the POW RNS too. Much rampier and the covers the "and so?" bit much better.

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210809:nRSI9288Ha&default-theme=true

https://twitter.com/Borg74/status/1424294032482701313?s=19

https://www.theguardian.com/world/2021/aug/05/a-coup-or-not-tunisian-activists-grapple-with-presidents-powergrab

He sold at 0.4p, it went to 1.2p not long after and now is just under 0.7p. That doesn't look like good timing to me.

https://www.rns-pdf.londonstockexchange.com/rns/9561Z_1-2020-1-15.pdf

JORC resource 2019 233,000 ounces at 1.6 g/t. All inferred in the oxide. 32,000 ounces in the sulphide at 1.8 g/t all inferred.

https://www.londonstockexchange.com/news-article/RRR/mineral-resource-update/14875664

Mistake to sell out at 0.4p!

DYOR

https://twitter.com/TereaAfrica007/status/1423179022100484099?s=19

1. Valkor had an unlimited license with PQE and has put this into Greenfield
2. Valkor has a technology subsidiary that specialises in oil technology
https://www.proactiveinvestors.co.uk/LON:TOM/TomCo-Energy-PLC/rns/796684
On 4 December 2019 the Company announced the signing of a non-binding memorandum of understanding ("MoU") with Valkor to explore the oil sands potential across the Group's oil shale leases within the Uintah Basin, Utah, USA ("Leases"). Valkor is an international Engineering, Procurement, Construction and Installation and field operations company, with operations in the US, South America and Africa both on and offshore and the owner and operator of gas and oil fields in Trinidad, USA, Turkey and the Ukraine. Through their subsidiary, Valkor Energy Services, they have assisted with the design improvements of Petroteq Energy Inc's ("Petroteq") closed loop system for use in the recovery of oil from oil sands (the "Oil Sands Technology") and has a licence from Petroteq to utilise the Oil Sands Technology in the USA.

https://stockhead.com.au/energy/hydrocarbon-dynamics-selling-utah-oil-sands-project/?amp

DYOR

https://www.theguardian.com/world/2021/aug/04/tunisia-unions-call-for-president-to-form-new-government

The valuation is on one plant not multiple plants.

I will comment if and when it is announced.

Why do you care? You said you sold out a while back.

https://www.middleeastmonitor.com/20210801-tunisias-ennahda-puts-off-party-meeting-amid-crisis/

Not as bad as made out. Ennahda have been causing trouble for a while. The accusation is that they a front for the Muslim Brotherhood and a proxy for Turkey's financial interests. They don't have a majority in Parliament but have been trying to stitch things up behind the scenes much like Morsi in Egypt.

Looks to me that things will be back to normal pretty soon. Ennahda have to choose between being a force for the economy moving forward or playing politics for MB and Turkey. Don't underestimate Turkey's and Erdogan's ability to cause problems: Erdogan wants to establish himself as the proxy new caliph of all muslims. In this case, it looks like they have stopped him.

DYOR WTFDIK

Indeed.

Misread.

No it gives more information.

The transport cost will be a semi-variable dependent on the location of the plant and the location of the offtaker. For instance, if they decide to use MSAR and sell in LA, they will likely use rail tankers. Recently Greenfield/PQE was selling to a small plant rather than the larger refineries in Salt Lake City. So transport costs are not fixed.

There are rail sidings not too far from Ashpalt Ridge but Utah is a big place and there are a lot of oil sands.

DYOR

Very interesting.

Likely that they can get that transport cost down when there are a few plants operating by using rail tankers.