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More basic maths: NEW BALLARAT GOLD CORP DEAL BETWEEN RRR & POW, MAR 2024 : "FAIR VALUE" VALUATION OF RRR AT:

0.15p is 3x current=£6m+ mkt cap.

0.20p is 4x current=£8m+ mkt cap.[ For illustration only as its around the mid-point].

0.25p is 5x current=£10m+ mkt cap. [Valuation Report assumed to be prepared by an INVESTMENT BANK as norm & independent. IT WOULD ALSO HAVE TO TAKE IN DEBT before ARRIVING at 0.15p-0.25p fair value for RRR. Why? If it is an official valuation report prepared by an independent investment bank, then no one can say the asset was SOLD for a song and potential resource, hence why it must be done?].

VERSES RESIDENT CHARTERED ACCOUNTANT -HE CALLS HIMSELF "THE EXPERT.:

Mr B has prepared RRR value at "LIQUDATION" accounting and for those who may not be aware , it is to say RRR is only worth what a potential fire sale is worth given what appears to be a "liquidation" attribution. Since this Chartered Accountant says he hails from KPMG, one of the BIG 3, he has done the cals and says ALL ARE WRONG kinda of thing and hence loads of ...calling VS the above. What if KPMG or a big investment bank asked this RESIDENT on this forum to do the OFFICIAL VALUATION REPORT? As ya know, bosses will not like big variances in cals. That is why when one sees broker reports, they use different methodology say one, NPV, the other value in the ground but in the final cals, they have a acceptable small variance of some 5% difference BUT WOW, between what appears to be "LIQUIDATION" ACCOUNTING KINDA OF THING VS THE ABOVE 0.15P-0.25P IN AN RRR/POW M & A IS QUITE STUNNING to say the least? If wrong, then correct. Yes? No? I wonder?

News, 2.6.24 FOR THE AVOIDANCE OF DOUBT: THAT PUTS US ALL THE CLEAR via the official M & A valuation report as contained in a RRR RNS [and POW RNS] of Mar 2024. Mr Black the new 10.9% holder of RRR is an investment banker and he either bought at current price of £263,000 or £473,000 if postulated by the other forum to be his base price. WHO DOES MR BLACK, RESIDENT IN THE ISLE OF MAN, A TAX HAVEN take note? The official M & A, his own analysis /price or the resident? Answers on a postcard. Sun, 2.6.24

LoL, AimDogs. I think it appears you may have ...via the above title with "9days" and "UNTIL" which rather dilutes the ? Yes, No.?

Coming back on topic, I am reading MIDAS Special of today, and several co's have announced RIGHTS ISSUE:

[1] "National Grid £7bn rights issue at a 35% DISCOUNT to invest £60bn [investment plan in US etc ie to modernise cables etc]. £7bn said to be the LARGEST since Lloyds Bank rescue deal in 2009. [2] "Great Portland £350m rights issue at a 33% DISCOUNT. [3] Special Opportunities REIT : Raise £500m at £1. [4] Raspberry IPO £500m."

RRR RESTRUCTURING:

So, it would appear that the market may be now more liquid ie capital markets but not sure for AIM junior explorers. In Canada, I recall seeing a tweet that it is still hard to raise for the sector. The resident , a Chartered A/c per his statement and the "expert" per his view, said that RRR ought to sell EL LIMON ROYALTY of some US$3m. In my view, that is NOT A STRATEGY as it merely PLUGS 1 hole to lift the RRR Treasury? Why? IF, RRR RESTRUCTURES [one RNS mentions it as well if there is a delay to the DRC money coming in etc?], it is a better OVERALL cleaning up, rather than PIECE MEAL which appears to only effectively stem but NOT restructure and concentrate a new direction. Many CEO's now realise that loads of projects are NOT going to be financed as this was the old model but that seems gone now. How to restructure? In my view, spin them all out and keep only the STRONGEST 2 or 1 to concentrate on. Of course, there could be the odd licence here and there but they are only nominal for purposes that any co will not be delisted if they divest ALL.? It would be helpful if Mr Bell INFORMS shareholders accordingly. I note that Paul Johnson's POW under Sean Wade, an investment banker is going to inform and formulate a FUNDING STRATEGY. If one just sold 1 asset to provide liquidity, then it can be the next and so forth. However, this is NEVER the strategy of any co as they need to SIT DOWN and formulate a CORPORATE STRATEGY TO TAKE THE CO FORWARD, not fire fighting . Again to re-iterate , it appears the NEW BALLARAT GOLD CORP DEAL may not eventuate if the deadlines are too close but that is O.K if a further plan is mooted given the Sunday Creek data. This deal in Mar 2024 stated "FAIR VALUE" VALUATION implied to be 0.15P , 3X CURRENT SHARE PRICE. Also, Mr Black's TR1 RNS @RRR, OF HIS 10.9% STAKE amounting to over £236000 OR £473,000 as the case may be [see details below today]. Even in personal life, IF one just keeps selling asset by asset to live on, it is NOT a good strategy IF one does not evaluate overall and plan a strategy. It will be just be against the wall situ? RE=ITERATION: So, both fair value official investment report + Mr Black's TR1 does not appear to support the RESIDENT'S CASE ? Yes, No.? News, Sun, 2.6.24.

I will keep this post short & sweet so it is going to be a more direct style. RRR is NO different to other AIM JUNIOR EXPLORERS. I have looked and note that many are in the same position as RRR, be they into 3 digit millions like Solgold or GGP. Why? NONE are mining yet and therefore NO INCOME so they need TO RAISE FUNDS in general. So, small AIM explorers like KAV are now trying to mine gold in Zimbabwe using washers etc? I have not looked at the most recent update at KAV so not sure how much it is bringing in etc. RRR also seems to be following this path ie FASO [Burkina Faso] small mining operation to start in June.

CRITICISM OF BULL CASE: I dont think that AIMDOGS in the post this morning appears to have taken in that RRR has been discussed in its entirety ie every project discussed in DETAIL by the resident [he says he had NO RRR shares & later only RRR shares equiv to a London pub lunch?] who said he is a CHARTERED ACCOUNTANT? So, BOTH SIDES have presented and therefore, NO ONE on this forum or site can say, that only 1 side is presented?

CRITICISM OF ME: On another forum, one said to me that RRR is a no-hoper sort of thing. How does he come over from elsewhere to check on me, is a wonder. But that said,IF he is reading, then I would direct critics to take note of the RRR TR1 on Fri, 31.5.24 that sent RRR shares UP +41% [intra day] and also up some 18% the day before. Loads of criticism about the 102m BUY, 50M region buy were ALL SELLS and that folks were WRONG to say BUYS. NOW , PROVEN BEYOND THE SHADOW OF DOUBT, BUYS and TR1 has been issued by Mr Black of the Isle of Man, a tax haven [INVESTMENT BANKER]. Now, Mr Black has BROKEN all the RULES OF BUYING?. It is said never to BUY in LARGE TRANCHES as it will RAISE THE SHARE PRICE and it will jump especially, IF, it is ALSO done quickly ie over a few days. so, one is taught to buy slowly over a period of time and NOT large buys either. SO, WHY WAS MR BLACK IN SUCH A HURRY against the norm?

Only Mr Black knows. Lastly, the share price of RRR is 0.05-0.055p, Mkt Cap £2m+ YET the LATEST NEW BALLARAT GOLD CORP DEAL BETWEEN RRR & POW WAS DONE AT 0.15p, NEARLY 3 X THE CURRENT PRICE AND 3X THE MKT CAP?!!!

So, I leave it there for the critic that checks on my post at this site? MR BLACK IS AN INVESTMENT BANKER so he does know how to evaluate and do valuations or look it up. The New Ballarat Gold Corp DEAL [RRR 50.1%, POW 49.9%] was dated 13 MAR 2024 AND MR BLACK'S RRR TR1 WAS DATED, FRI, 31.5.24. I am sure Mr Black knows all about RRR financials from reading the RNS's.

WHY AM I POSTING? I have decided that to walk away, I must do so with my head held high and not ...off by name calling etc as was the case for the bulls? IN REALITY, THERE IS NO BULL OR BEAR, ON A SENSIBLE EVALUATION of which has been discussed on this forum to which Mr Black, living and residing in a TAX HAVEN OF ISLE OF MAN has put his money where his mouth is, so to speak, put bluntly. ?

IF, you are NOT aware, the title above is NOT FACT. Why? There is NO RNS to state so. Therefore, it is classed conjecture? This is a subject matter that has been discussed , even the bloggers on Twitter dare not touch it due to regulations. Also, it is widely known that this is the favourite topic on many forums in the past to "scare" people who hold shares.

This is a subject best left to self. One can read the RRR financial RNS's , work the cash flow and come to some conclusion for SELF. IF, this forum has newbies and they are NOT aware, that funding is COMMON to all AIM co's, then the title above has been repeated many times.

QUIET: The fact that Mr Black just purchased almost DOUBLE his stake in RRR to 10.9% appears to raise questions on this forum and the other RRR forum. In some ways, I notice that laymen are appear awed by big sums of money. Why? When a poster recently said he had a very big chunk of shares in RRR, no one ...him but rather even the most hardened naysayers seem to treat him like royalty LoL. I am not awed by money by the way. However, on the other forum, 1 person thinks that Mr Black of Isle of Man [tax haven], an investment banker RRR shares are DOUBLE the current price. So, they think he has "been BUYING & SELLING sizeable stakes in the co for some time now one can only wonder what he DOES know, OR what HIS ANALYSIS of the co is." [Attribution to backmarker of A....RRR, 31.5.24 @16:33]. The other preceding post: "On N's best guess Black having sold on recent highs, HIS AVERAGE was still DOUBLE the current price."[Attribution given to Dead Duck Resources dated 31.5.24 @16:31] Another post : "The AVERAGING DOWN may be a GAMBLE." [Attribution to Noirua , 31.5.24 @15:13]. Strange that the other RRR FORUM HAS GONE DEAD AFTER THE 16:33 post on FRI, 31 May 2024. Usually, there is POSTING EVERY DAY. So, my thesis of LAYMEN ARE AWED BY BIG MONEY appears to be supported by both RRR forums going quiet. But I note, that there are no PURE RRR BULLS on the other forum & yet, most now know the REGULATIONS not to mention the word in the above title started by AimDogs @9:08am, Sun, 2 June 2024.

Why? When such a title is posted, there is NO 100% GUARANTEE that it will take place in 9days or how much or there is an event/s before then. So, it leads folks to just sell on a POTENTIAL LOSS on the potential PREMISE there is going to be when it may not eventuate.

Even this forum has GONE SILENT without anyone here at all, NOT 1, except AimDogs with the 1st post as above. My guess is that it is for the same reason as for the other RRR forum. LoL, maybe, Mr Black who holds 10.9% of RRR may not be exactly "amused" if ....that affects his large holding. Also, it is possible as norm, folks are awed by big money.? All guesses as I am not in this group. Hope that clarifies. News, 2.6.24 As for not posting, I have some questions to put and I also realise that the non-shareholders are now weakened by the big Mr Black buy.?

[1]ASSET MISPRICING is what it is all about. {My Model & always has been].

[2] HIGH RISK is for laymen on this forum who have NOT realised that AIM junior expl are high risk [not for widows & orphans caveat so that they cant blame anyone.]

[3] BETA -There used to be a site with data and measures BETA & BETA 1.5 = 50% more volatile than broader mkt but potential for upside also greater. S & P stocks BETA 1.0.

[4] I was aware Helpful was an IFA but not Fund. Tks.

[5] Returned to see if Helpful has anything to add. Sent Tweet on Sunday Creek out today. Highlights: SXG's shareholders ie 70% are OUTSIDE Australia. Hence, dual listing in Canada for global investors & SXG said these investors have made from the capital appreciation. Sure 20c Aussie to A$2.86. SXG said in the article on dual listing, its veins at Sunday Creek and Canadian listing is predicated by the high grade gold story: [a] "Hole's 1st 30cm 7,330g/t gold, [b] 45 rungs intercepts >7,000 g/t gold. N O R T H W E S T trending folds. SXG Mkt Cap :A$556m. [£291m] "

[6] Whoever applied for the RRR AUSTRALIA KILMORE licence, next door to Sunday Creek @SXG, ASX was the brillo one.

So, either A.Bell, Chairman of RRR or Paul Johnson, of POW then. 50% of £291m mkt cap is potentially, say £145.5m. Only two co's have ever achieved that type of mkt cap on AIM ie GGP & Solgold. So, I await to see what will be done. I have , as a courtesy send the open tweet to Sean Wade @POW as Nike1980 has said to include Sean, CEO [he does not have his own Twitter handle].

[7] FT reports gold is being smuggled out of Africa to M.E from artisanal miners eg DRC [saw the pic of a fam].

[8] SUNDAY CREEK: I posted earlier and 4,000+ g/t gold was NOT the latest but now 7,000 g/t and no wonder Canadians all want in, even at this high mkt cap otherwise why dual list now? Many of the gold all time high grade discoveries are in Victoria esp Ballarat. DOES ONE NOT HAVE TO SUSPECT NOW THAT OZ GEOLOGICAL SAID LOADS OF GOLD LEFT IN VICTORIA GOLDEN TRIANGLE & WITH 7,000 G/T IN 45 RUNGS MEANS THAT IT IS HIGH NOON AT RRR-POW KILMORE. The highest ever was 10,000 g/t per the link I gave today from Victoria , Oz. In the POSEIDON nickel madness of £280 for the stock, investors looked for the NEXT BIG ONE and therefore, RRR-POW will at some time be in the HOT SEAT , only because of SUNDAY CREEK and this TREND [Geo report] says it goes into RRR KILMORE? To the EAST of Sunday Creek, there is nothing there? [9] RRR DRC: Have to leave that to A.Bell,Chairman of RRR as he is the LLB man [law] and hope for a good outcome. [10] Meanwhile option money and survival to the end with keeping KILMORE RRR AUSTRALIA, the prize potential. Thank you Helpful. Had lunch and came back to see what is the outcome. 1.6.24 [Sat]

Banburyboy

I might bore but I provide some useful notes for those who may not have the time to learn by mistakes. Why? It will cost to learn. As for your goodself, being right about RRR means little and by the very fact that you use LIQUIDATION ACCOUNTING does not lend to your sentiment of wanting to see this co .....which means that tons of shareholders will be affected and IF they read, they cant support that sort of thing. However, BEST is for EVERYONE to read and evaluate and do accordingly. THE VERY FACT that your record on the London South East is not 10/10, then what you say has to be caveated with record as it is for everyone else. Also, I would provide a bit of info: EXPERTS STATE THAT IF ONE BOUGHT SAFER STOCKS , there is also RISK. Why? IF ANYTHING GOES WRONG ie recession, they also get hit due to downturn in potential revenue etc. HIGHER RISK stocks are also risky. So, in picking stocks like WIX per your latest profile says that you have not thought it out OR LEARNT FROM EXPERTS. Why? These safer stocks will do the safer things and they move within such a narrow band and risk if they cut divis. Mr Black, an investment banker knows EXPERT strategies and he is following all the HNW strategies and you can bet that RRR is NOT FORMING a large part of his portfolio even though his 10.9% stake can buy a house outright in M/cr or 4 NW or NE. So, I provide some insights from YEARS of experience just like Maidit308 has been round the rodeos. So, with due respect, it would appear that you seem to be starting out at the RODEO'S. Everyone reading may find some nuggets from what I shared and what Maidit08, Nike1980 and Helpful shared. But IF I have left you out, Sirs or Ladies, do speak up as this is a free forum and democracy rules the day as everyone has something to share of master strategies. I am busy these days to unravel the Jim Simons secret as that is more long lasting over many years of ranking. Happy Sun to all and best wishes. News, 1.6.24. I am off now for my lunch.

MAIDIT308

I also rated Maidit308 [not to x or y purposes of finding ranking flaws]: Maidit308 explained no chasing momo stocks ie risers. Now, pick 4 of which appear to be their lowest historical sp. I am aware of the 3. Each one holds potential Tier 2 and one Tier 1 but sufficient enough to produce the potential mega baggers due to the tiny mkt cap. Quite my cup of tea and what I am also looking for but I am more stringent as I dont look for border line but watch out for survival as that is the only down side to small cap stocks as norm. So, watching the commodity price is helpful from Maid as I can watch everything and thanks for all the links & comments. I also dont bother too much about the order book but Maid's insight was helpful about price held for the mega buys as norm.

HELPFUL : I dont think I need to comment much as I have already thanked for commercial info and thankfully, I didnt get into Sprott physical either as I deemed the returns too little as essentially, it is a depository in nature. However, suffice to say Mr Black who now owns 10.9% of RRR is or was his client. I found out Mr Black is an INVESTMENT BANKER but he may have retired so I cant see all the institutions he came from etc but I dont need that info anyway. Why? He may be an investment banker but what does he want out of RRR and why 10.9% in such a HURRY to almost double in literally days. After all, why not listen to DOGGIE, and so forth that tomorrow kinda of thing it is always going to get cheaper? Doesnt make sense does it? So, sense can only be x or y reason. I said that one of the former lister in the Sunday Times Rich List bought GGP [history now] and he bought about 6% at 1p+ and target to sell 10p. I dont think he got the target from wild ideas and since he has buildings named after his surname in London & M/C, he can tap into friends who are in the City types. So, Mr Black will also be looking for rated and TRACK RECORD, not day and day, spouting I am the expert and this is now the norm. If Mr Black follows convention, then the 5% he bought to top up his other existing stake may be sold down also by convention as many examples show HNW. So, rated.

MYSELF: I also rate myself stringently as I rate others. How? How good is the research and whether any project I have looked deeply into turns out or not. When one has lost, that ought to be the wake up call and so, one has to learn quick or as Rick Rule said, ONE HAS TO STAY IN THE GAME ie NOT LOSE one's capital so that one cannot start up again.

Good day, all, I think I have covered everything now. I wont be replying to Ban etc as it is the same old repeats. Sun, 1.6.24.

Thanks for the Sprott article HELPFUL. That is commercial info. Why? It was the same case with HL - the gov introduced new rules and NO ONE can buy any BTC TRACKER IN EURO [only 1 available] and HL stated NO MORE BUYING ALLOWED, ONLY SELLING. Same thing happening here re: Gold & Silver. Reason must be IF folks follow BURRY in, then Sprotts will be forced to BUY physical gold or physical silver. LoL, many may not have seen this BUT the BIG PIC was to buy JUNIOR miners who have the deposits of gold or silver ie reserves. The only issue is that SILVER EXPLORERs tend to be in Mex and one knows what could happen there.

Coming back to FASO, I agree in that IT IS CASH FLOW and less work than RRR AUSTRALIA. However, it is always on standby and gold must be out and in. BUT THE MKT CAP may not be as HIGH into 3 digit millions unless RRR turns into a mid-producer that even then like SHANTA, its is panic when things happened in the country they were operating in. So, there are pros and cons to every thing. BUT FOR CASH GENERATION, yes, I can agree.

REAL HIGH MKT CAPS now to be made in Tier 1 jurisdictions and majors have been told about the more precious metals become ..., the more the risk as norm. One WH official also gave the game away. Hence, why RRR's JV partner is bringing in HIRE equipment which is wise etc. So, yes, that is the best way forward but IF PAUL JOHNSON & A.BELL HOPE TO REALISE BIG MONEY FROM THEIR STAKES ie Bell has 1.72% I recall and 1.72% must be upon a BIG MKT CAP and not just into £20m but big mega mkt cap like Southern Cross Gold based on SUNDAY CREEK. ASTUTE FINANCIERS will be now sharpening their pencils now that SUNDAY CREEK ticks all the boxes. Come the time, IF gold price were to go to $3,000 per the big names , that raises the potential of Sunday Creek ie put a floor and provides stability.

Yes, I am BUSY looking for Tier 1 jurisdictions. That is personal choice but for QUICK CASH, all the mining engineers and co's like KAV are running to Africa to look for artisanal projects where it is quick and relatively fast.

LoL. Sun, 1.6.24 Nothing more to say. Up to A.Bell now AND Paul Johnson as to how they view it as they are in the driving seat but if they sell , then value will not be in their retirement pot with their small stakes unless MKT CAP is mega , hence that is the aspiration. OLIVER last night tweeted he has been "POUNDING THE TABLE" but unfortunately, folks tend to hear what Paul has to say. IF, Paul remained quiet as he has been for months by way of saying something from his own view, then nothing would be happening. Proves my point. One bright chap asked Paul, what is the ESTIMATED VALUE OF THE REST OF THE IPO's. SILENCE FROM PAUL. Why? Can he tweet something like that? NO, OF COURSE NOT and the hammer will come down IF HE DOES. Paul can only STATE THAT 50.1% IS £10M MARK TO MARKET ie sold into the market which is cash. But for the rest, DYOR applies. RRR-CAVEAT: OPTION $.

Amount and see how I go from there depending on how it goes. But I dont PLUNGE in without further research. I would now like to comment in general about Banburyboy since he broke the courtesy rule of COMMENTING about me ie I am desperately looking. NO, I CONFIRM that I am not desperately looking to imply that I am making RRR Australia into a narrative but rather Helpful has CONFIRMED that the dyke etc must be of sufficient STRIKE. However, if the potential deposit is LARGE, then less so and so forth 101. Coming back to Banburyboy, I decided to look at pg 1 of his profile since he considers himself the leader of the pack and that he himself considers he is "THE EXPERT" here. So, as I said, THE SECULAR LOOK AT SUCCESS and therefore, he too must be ranked. Some time ago, I checked and have already commented so wont go over old ground but suffice to say his CHOICE OF REVOLUTION BARS , some luxury cruiser or other [?] doesnt leave me with much confidence. I note the latest is 1 post on WICKES and the 1st thing is to MOAN that he wishes it was £1.60 the high. THAT ALREADY RANG BELLS. Why? A stock like Wickes moves within a narrow band and unless something happens in the results, it is NOT going to move into the upper band. BUT IF, anything goes wrong ie recession, discretionary spending falls , economy, covid shutdown and so forth , then it is going to be painful theory 101 of all such stocks. So, that tells me Banburyboy does not appear to know much fundamentals as he should do since he classes himself "THE EXPERT". As I said, dont hope to make a NAME ON LONDON SOUTH EAST FORUM or anywhere else if one cannot show DEMONSTRABLE SKILLS of evaluating and researching co/s. THAT IS WHAT SPROTTS EXISTS TO DO & they are successful at it looking at their ability to fund big time with in-house Geo of note to advise on RNS, drilling etc.

I follow or used to follow what LOVELL said, the Geo from the HALL OF FAME who discovered Escondida, BHP's star copper mine. He said he can TELL with just 1 HOLE DRILLED but this is not within Canadian law ie 3 holes needed minimum. But Lovell is self funded so he cant waste money drilling loads of holes so he is not subject to Canadian law since he is a private prospector, not funded via a listed co initially. Is he that good? Yes, he found the next big one WARINTZA which Solaries took up and which the Canadian govt will NOT allow Jingxi or other to invest in. So, yeah, proven. So, please dont get offended Mr Banburyboy because IF you call others names etc, then you too have to be ranked in a fair way and the torch shone as I am sure Helpful & Nike1980 are shining torches at me to rank me LoL. Remember what they said of PAUL JOHNSON - he said he knows WHO to follow on the forums. BLOGGERS are the same, they have blogged non-stop but they dont tend to concentrate and therefore, never seem to have hit the big ones. Why? I think they need to brush up geo and put more effort in but then again, the naysayers like to he

-----------HOW DOES 4,109 G/T GOLD AT SUNDAY CREEK COMPARE WITH OTHER GLOBAL HIGHEST GRADE>----

Ref: "THE WORLD'S 30 LARGEST GOLD DISCOVERIES."- Gold Industry Group, 20 Nov 2020. https://www.goldindustrygroup.com.au/news/2020/11/20/the-worlds-30-largest-gold-discoveries

TOP PRIZE GOES TO : HOLTERMAN "nugget" 10,229oz dug up by a German miner in 1872 at Hill End, NSW, Oz.

3RD LARGEST: LEG OF MUTTON, 2,144 g/t found in BALLARAT, Victoria 1853. [RRR is in Ballarat].

2RN LARGEST: WELCOME STRANGER 3,524g/t found in VICTORIA 1868 at Moligul.

Of the 30, 17 WERE FOUND IN VICTORIA, Australia [many in Ballarat area] , 3 in Western Australia = 20 out of the 30 but I stand to be corrected as I only did a quick check so there can be errors.

So, it is CONFIRMED that YES, SUNDAY CREEK NOW WILL SHOW UP IN ALL THE DATA against that roll call at 4,109 g/t gold.

Now what? Now, RRR & POW will realise that in their LIFETIME, they might just have a MODEL but ONLY, IF, the DYKE/S are fairly extensive in STRIKE. This is the SAME for EVERY EXPL co but no longer just a wild cat. Yes, Sunday Creek was the one to take ALL the EXPL RISKS @Southern Cross Gold in Australia. But now, RRR-POW can piggy BACK on Sunday Creek as to the 2 types of mineralisation in answer to NIKE1980.

RAMPERS : This is the concept held by some here but this is wholly NOT TRUE. If one looks at the TRADES, one will see that Joe Public does not have the TYPE of $$$ to buy in any significant amounts so, hence why the volume is generally low. TRADERS are just waiting for momentum or RNS to jump in and these days, they just make small money as the MM's are now wiser TO LIMIT SALES ie cant sell in any amount UNLESS it is a TIER 1 find or potential. Hence, why PAUL JOHNSON's 50.1% G... rose TWO DAYS in succession due to the potential of GARFIELD, NEVADA. On 9 Jan 2024, Oliver reported 22.7g/t gold SAMPLES highlighting the "significant" potential of Garfield. I havent kept up & therefore I am jumping to conclusions, rightly or wrongly, there is NO drilling yet. TRADERS etc are not the investors as they produce a spike and run off but they never stay. So, co's are not looking for volatile money from traders in reality. True or not? Yes, look at the institutions that Sunday Creek can attract - I havent checked lately but I saw some Oz tutes from recall. So, sorry to disappoint the naysayers here as the co is NOT looking for my money as those are living in tax havens as HNW's.

GOOD MANNERS: I play fair and I dont comment unless I have to to make a stand. A lot of old timers with thousands of posts to their name see me at the various co's IF, I see they have the POTENTIAL TIER 1. So, I landed here for DRC of which I hope that can eventuate. I have read A.Bell's latest tweet and he displays legal knowledge so I do think that is one of his strengths. IN RESEARCHING, I hope to have a much better idea whether a co has OR HAS NOT a potential Tier 1 so that I can buy in a small

Helpful @7:05am

I agree with your post in entirety relating to the geology , in that one is looking for a sizeable STRIKE in the 1st instance within the KILMORE licence of RRR Victoria, Oz. IF, the DYKE extends, then YES, it improves the model. I totally AGREE that in an IPO, THIS geo hypothesis CANNOT be said as norm. HOWEVER, PRE-IPO DRILLING will satisfy this geo concept. So, boils down to $$ & I recall it is $500,000 to do so from recall of what you said previously.

I cite Helpful VERBATIM: "IF RRAL has m o r e of the DYKE than SCG [Southern Cross Gold, ASX. Symbol: SXG], then it should be VERY HOT. RRAL[Red Rock Australia] probably cant say that for an IPO but it CAN for a PRE-IPO round." LoL, see I said one needs to find HNW moneybags which may inc Helpful!!! Co's will ring funds, HNW, IFA etc and those sorts to find if they will support by funding the next round of drilling.

My View: The CEO of Southern Cross, 4 days ago gave an interview & I note that he said they have a big licence area which means they are desperate looking for the NEXT HIGH GRADE deposit within their licence but it is inconvenient that the HIGHEST grade deposit at Rising Sun is MOVING WEST to RRR KILMORE and not further into Southern Cross licence the OTHER WAY ie EAST where the MAJORITY of their licence LIES. With an exploration target of 1.6moz gold equ., they are going to be STUCK IF they cannot find the NEXT DEPOSIT given their MKT CAP IS A$550m region now. They will FINALLY have to resort to approaching RRR Australia IF, the coin drops in the CEO 's geological brain. In fact, Southern Cross CEO , a Geo is the best person to come over to have a look at RRR Kilmore, next door. Why? He has all the drilling cores, logs & knows the geology now better than anyone or his ASSISTANT, also a Geo of standing. Case in point: Mather had no choice given the high 3 digit mkt cap except to look for MORE DEPOSITS to uphold further lift. Same goes for Shaun with Havieron as they also need to look for more DEPOSITS, also due to the 3 digit mil mkt cap. All the same base theory.

SUNDAY CREEK HIT 4,190 G/T GOLD : In relation to this, the Southern Cross Gold on ASX CEO said that their grades are among the world's high grade discoveries. This has already been PICKED UP by one on Twitter who assembled a list of co's of which there are only 7 globally and SUNDAY CREEK TOOK 3 OUT OF THE TOP 4 PLACES. This was the tweet I sent to Sprott & Rick Rule. I decided to check the CEO's statement if that is indeed correct? I will post after this.

NIKE1980: I will give a short answer to your Question. I am not too bothered about the nuggetty nature of the Victoria gold field. I believe there are 2 types of gold mineralisation. Why? I am going to piggy back on Sunday Cross & make t

The latest ANN from Southern Cross re: further drilling to 60,000m had to state that 38 from recall intersections hit 100g/t gold equiv. ==this PROVED CONTINUITY to satisfy the fu

Link: https://smallcaps.com.au/southern-cross-gold-hits-wide-zones-of-highgrade-mineralisation-sunday-creek/ Smallcaps.com.au, 23.10.23

Quote: "A RECORD GRADE OF 4,190 g/t GOLD is included.... 4 rigs in operation. The hole is a significant expansion of the RISING SUN footprint. 133 hectares. The significant ANTIMONY returns at Sunday Creek provide added value to the project, critical metal, global mkt to reach $4.6bn by 2032, +4% CAGR.." "SUNDAY CREEK EXCELS IN COMPARISON WITH GLOBALLY SIGNIFICANT HIGH GRADE GOLD DISCOVERIES AT THIS STAGE OF THE PROJECT'S DEVELOPM

*****RRR KILMORE - link: https://https://branduk.net/tag/kilmore-prospect/ *****

"RRAL has also commenced work on the eastern most tenement immediately north of Melbourne. Within this tenement, strong structural folding and faulting identified by historical mapping appears to correlate well with STRONG ANTIMONY anomalism identified in regional ASTER remote sensing data. In addition, first pass historical research has uncovered the DONNYBROOK gold field where PRODUCTION from the identified mine was from [sub 0.25m] veins reported VERY HIGH grades of 4 ounces a ton [approximately 120G/T GOLD]. Further work by the in-country operations team on this prospect is ongoing with a view to determining IF THE STRUCTURES develop AT DEPTH AND ON STRIKE. DRILLING is anticipated early in the new year PENDING the OUTCOMES of the ongoing GEOLOGICAL reconnaissance investigations."

My Comment: With the above in late 2023 showing mega grades from Rising Sun and the latest interview with Southern Cross Gold , ASX [Mkt Cap A$545m or £291m], 4 days ago , the CEO SAID TWICE THAT RISING SUN WITH THE HIGHEST GRADES OF GOLD IS=======MOVING WEST TWICE====which means HEADING INTO RRR /POW KILMORE [RRR has 51% in the JV]. So, the latest info from Southern Cross Gold is now increasing INTEREST IN SUNDAY CREEK and its mega mkt cap. So, early days, Sunday Cross HIT 199G/T GOLD vs RRR Kilmore as above has hit 200g/t gold at Donnybrook gold field. Also, above attests that KILMORE @RRR HAS THE PATHFINDER ANTIMONY AS WELL. GEO COMMISSIONED WORK SHOWS GEO MAP AND EXTENTION OF SUNDAY CREEK GOES INTO RRR KILMORE, NEXT DOOR. Sunday Creek to Kilmore is 14 mins away by car.

------------------GO, GO Paul Johnson, A.Bell, Sean Wade , lets get things moving now that Sunday Creek is hot news----------IPO please. Thank you. News, Sat, 1.6.24.

To get a small job somewhere, yes, paper and which co worked at is important but not in the biz world. Lastly, the best to come. MEXICO NATIONALISED SONORA and gave the acquirer the door. MEXICO THEN COMMISSIONED THE TREASURY TO DO A VALUATION ON SONORA and they came out with an OFFICIAL VALUATION OF UP TO US$600BN. Yes, DL said it was the "Saudi Arabia of lithium" and no AIM or other co has a deposit valued at $600bn, not even Solgold. So, once this became widely known, DL recovered and went on to bigger things eg ADVISOR TO FAMILY OFFICES [plural]. $600bn is a big mega sum equiv to Mexico's or exceeds their total debt. So, SONORA has gone into legendary status. So, it has carried DL into that status amongst those who are HNW. By putting out the valuation, Cadence has already approached the Mexican govt for settlement or if not settled, then onto international arbitration and it will be MEXICO'S OWN WORDS that will ...them via their valuation officially which they told Mining .com and the whole mining world what a prize they got. INDEED. So, now , DL is also credited with A TRACK RECORD, he can get Tesla , one of the most highly prized co's to get an off-take with. REM plc was a tiny co on AIM, a shell. That is why DL does not use LONRHO anymore on his C.V as one is only as good as the latest not the one yonks ago. Same will also be for Paul and whether Paul can hit the NEXT BIG ONE. DL is aware of that and he is really sweating to get to the next project which he hope will make his name.

OH, BUT THE FOLKS ON THIS FORUM say tis and that but not knowing DL can get $1.8m in just 1 go to do the 1st round of drilling and IF, his other co hits, then , the funding can get even bigger. So, HNW want to know DL but the folks on AIM are not aware, that NOT every project is the same as Sonora but since they dont research, they cant tell an apple and a water melon project so who can blame any CEO if folks dont do their research or know how to evaluate which takes years. But anyone can IF they use their time to learn as Paul had to learn and etc. Hope that clarifies as dont want to offend but since it was asked of me, I have no choice but to be a bit more detailed as that is not asked of just X or Y but even Paul is going to have to prove himself BEYOND Havieron and GGP as that is now a bit in the past now. Wade is the same-Liberum was some time ago and he too will have to show the next big one ie the next big hit at a deposit etc.

If Paul is willing to step aside and let Wade on in the limelight. I think Paul has given both Wade and Oliver a lot of space. But investors are not keen so Paul has had NO choice but to now step in again. After all, SUCCESS is the key here no matter who takes the DEPOSIT or project forward. DL SAID IT IS HIS JOB TO GET EYE BALLS ON THE PROJECT. Why? Without eyeballs and publicity in the Aussie press, there is NO WONGA ie funding.

That is why SXG can raise A$10m at one go and tiny AIM co's got to try to get the odd £250,000 or less each funding which is a death spiral given every funding is discounted or shorted down?

DL

I will post DL's official C.V profile which is not that DL came from this school or that institutions in banking etc. HIS C.V is in the style needed ie SHOW DEMONSTRABLE SKILLS and that is what the commercial world looks for. DL's Linkedin says he now advises FAMILY OFFICES. Well, logical since he is not living or has an address in Monaco to watch sea gulls pass by. To be in Monaco is to network with those who have money to invest or need advice.

DL C.V : " Mr Lenigas is a QUALIFIED MINING ENGINEER with a Western Australia 1st Class Mine Manager's Cert. He has extensive corporate experience at chairman and ceo level on many of the world's leading stock exchange...His specific knowledge of LITHIUM WILL B E N E F I T Riversgold as it carries out lithium expl in the Pilbara, HAVING BEEN ===AN EARLY FUNDER---and shareholder of both CINOVEC lithium project in Czech Rep and the SONORA Lithium project in Mexico. He served as Director of BACANORA LITHIUM, owner of SONORA, IN ITS FORMATIVE YEARS ===AND WAS KEY IN NEGOTIATING A LITHIUM SUPPLY CONTRACT with a major US car manufacturer." https://www.riversgold.com.au/corporate/board-management/

My Comment: DL need not tell folks that CINOVEC is EUROPE'S LARGEST lithium deposit nor does he have to mention that SONORA is the LARGEST CLAY deposit in the world at No 1. All known. Also, in most Twitter handles, people cite EARLY INVESTOR IN GOOGLE, early investor in Apple and folks will know this is legendary stuff ie EARLY INVESTOR. DL was the FUNDER as Bacanora could not get funding at the downturn in Canada as they were Canadian listed. DL also got TESLA AS THE OFF-TAKER FOR SONORA, which wowed the markets as no one had heard of a tiddler getting a off-take with Tesla. Tesla gave only 1 other Canadian co a minor off-take but never TO ANY AIM TIDDLER. DL tweeted a pic of himself at the Tesla factory to speak to Elon. Wonder why DL shows himself in Monaco pictured with HRH Prince Albert or at the Princess Trust party? Yes, to non-secular people it is not important but to those in the business world, they are interested in folks who have contacts at the highest levels. But that is not enough, DEMONSTRA BLE SKILLS needed and hence DL's C.V is not full of certs ie paper qualification or just working at TELFER gold mine as no one interested in that. To get a small jo

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