Member Info for Helpful

A review of the POW assets: comments on Victoria and the road to monetisation.

https://twitter.com/Gulag_CP/status/1286602485021450240?s=20

DYOR

https://www.bloomberg.com/amp/news/articles/2020-07-22/virus-clouds-copper-giant-s-plan-to-avert-a-slump-at-aging-mines?sref=VqXvwqxn&__twitter_impression=true

https://twitter.com/Northst18363337/status/1286369833102323712?s=19

Good luck. I can't comment on any conversation between you and AB. You must understand that he cannot give you price sensitive information ahead of anyone else unless you are inside. If you do have price sensitive information then you can't trade.

I have lots of information on lots of companies all the time and can't trade. I also have confidential information that it is not proper to divulge.

RRR and AB have been operating in a down market since 2012; he hasn't got everything right and I have pointed it out to him.

DYOR

https://twitter.com/TNR_Gold/status/1286206078242492416?s=19

Things looking good over at POW. Our shares and warrants will be worth a decent amount soon.

DYOR

https://www.kitco.com/news/video/show/Kitco-NEWS/2903/2020-07-22/Falling-US-dollar-to-drive-gold-price-to-$2000---Bannockburn-Global-Forex#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

https://twitter.com/RRR_RedRock/status/1285963581146763264?s=20

Yawn! Woulda, shoulda, coulda.

Not relevant.

What are the assets now? What are they worth now? What is the income now? What is the expenditure now? Is the value of the assets going up or down? Is the income going up or down?

RRR has exposure to gold, copper, cobalt, manganese, iron, nickel etc. At the moment, things are going well. We just need the final confirmation on Migori and we have lift off.

DYOR

Not in interested in Ancient History: I am interested in the assets as they are now, what they worth and what income they are producing.

And Dukey, how come you don't want to discuss how much this is worth to Red Rock Resources?

As I said a few weeks back: things are going in Red Rock's favour: it may or may not continue but at the moment things are looking very good.

DYOR

And Dukey, I know you don't read but...

https://www.rrrplc.com/wp-content/uploads/2020/07/2020.07_RRR_Investor_Presentation.pdf

Page 5 of the presentation that came out this week....

And from Soma Gold (formerly Para Resources) this is their update

https://www.somagoldcorp.com/projects

In the first quarter of 2019 plant through-put averaged 43 tpd, averaging 3.6 g/t. In 3Q19 plant through-put averaged 36.82 tpd and the gold grade was averaging 3.6 grams per ton.

"The company’s expectation is to increase both feed quantity and grade through development at the El Limon Mine and 3rd party miners reaching 112 tpd average of 6 g/t by the first semester of 2021."

Note that RRR is not on a profit share: it is on a royalty. All that matters to RRR is production and the gold price. But you are so right, this reading up on stuff before shouting one's mouth off is over-rated.

PS in case you are not inclined to do calculations at current prices that translates into about $40k pm.

DYOR

Hey Dukey,

again do some reading.

RRR didn't have Migori for years before doing anything. RRR farmed into Mid Migori Mining Ltd from Kansai. RRR improved its percentage by doing work quickly. Kansai had it for years and did nothing but the price of gold was much lower.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/acquisition-of-further-migori/200912030700065065D/

RRR very quickly proved up the JORC on the tailings, 60k ounces, and then the 1.2mil ounces in the hard rock. Migori was in the books at £5mil + when RRR had only 75%: it now has 100%.

At the time that RRR rang into legals it was starting work intended to bring the JORC up to 2mil ounces. So when you say, "did nothing" you might want to revise it.

Anyway, we will see in due course, won't we? If you care to look at the three month chart you will see that RRR has moved up a fair bit: in my view, well below fair value but going in the right direction.

DYOR

http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200722:nRSV7578Ta

Morning Trolls,

I won't mention the gold price..

https://seekingalpha.com/article/4359392-jupiter-mines-realize-significant-value-from-iron-ore-assets

https://www.mining.com/copper-price-surges-to-two-year-high/

https://twitter.com/andrew_neal7/status/1285585493455970304?s=19

$42.11

The Cypress drill looking better.

Hey Dukey,

stop embarrassing yourself and do some reading.

We are owed the best part of the $3mil as a royalty on El Limon. If you check out the latest corporate presentation it tells you what the current position.

Migori: we have done everything required to have the licenses reissued. See the various RNSs and interviews. 1.2mil ounces hard rock and 60k ounces in tailings both JORC standard. The MRB has recommended that the licences are reissued to RRR: don't believe me, check out the Kenyan mining cadastre.

Victoria: 11 license applications with Blue Ribbon the priority.

Victoria is very hot and Paul Johnson has already said that RRAL has been approached about deals on the licenses.

I posted on here an interview with Eric Sprott a week ago that said CAD$70 per ounce in the ground was too low a valuation in the current price environment. What does that make Migori worth?

DYOR

https://twitter.com/business/status/1285388799120420870?s=19