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Despite Rate Cut Delay, Brighter Days Ahead for Gold?

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Source: Streetwise Reports (2/28/24)

Https://www.streetwisereports.com/article/2024/02/28/despite-rate-cut-delay-brighter-days-ahead-for-gold.html

Good news at last as the Lithium price is confirmed to have risen off the floor.

https://tradingeconomics.com/commodity/lithium

Good news at last as the Lithium price is confirmed to have risen off the floor.

https://tradingeconomics.com/commodity/lithium

The Lithium price remains flat at floor levels

https://tradingeconomics.com/commodity/lithium

Until the voting by all shareholders sending in their votes for the AGM is known it is natural for shareholders and others to want to know the votes sent in on items 1 to 5. Number 2 as well - many would like to see the votes sent in and know the reason for the sudden resignation. Hopefully, it will NOT remain a secret to shareholders.

juno minerals remains a minnow at mount ida surrounded by medium cap. companies and gina rinehart's big cap. han**** prospecting. juno would be better off with help as companies book shipping agreements with the port at esperance.

so from all this, there is speculation which died down since 2022, that juno would be swallowed up. if it does happen this would give considerable value to red rock's royalty interest. however, it needs cash now so it would be of little help in the short term.

though juno now has a lithium drilling prospect at mount ida that could change matters.

2011 - https://www.proactiveinvestors.com/companies/news/157837/legacy-iron-ore-drilling-targets-maiden-jorc-resource-at-mt-bevan-project-13988.html - https://www.ginarinehart.com.au/lithium-pursuit/ - https://stockhead.com.au/resources/juno-raises-full-3-6m-starts-drilling-in-lithium-corridor-of-power/

I doubt Mount Ida will go ahead on Magnetite unless Gina Rinehart becomes interested.

Gina Rinehart gets into magnetite next door to Juno’s more advanced Mount Ida project mining.

June 7, 2022 | Special Report

Https://stockhead.com.au/resources/gina-rinehart-gets-into-magnetite-next-door-to-junos-more-advanced-mount-ida-project/

Could Juno be sitting on a significant lithium haul near its Mount Ida magnetite project?

Https://stockhead.com.au/resources/could-juno-be-sitting-on-a-significant-lithium-haul-near-its-mount-ida-magnetite-project/

It does seem that Juno Minerals has for the time being shelved any prospect of mining Magnetite at its Mount Ida prospect.

Jupiter Mines previously completed the Mount Mason Feasibility Study in Q1 2012, with further optimisation work undertaken in 2014, until the project was suspended due to economic conditions and infrastructure access, and placed into care and maintenance. The Mount Ida Feasibility Study commenced in Q2 2012 and was based on an annual production of 10 million tonnes a year of beneficiated magnetite grading +68% Fe. Work on the Mount Ida Feasibility Study was suspended in 2012 also due to economic conditions and infrastructure access, and remains under care and maintenance.

https://www.junominerals.com.au/projects

Anglo Pacific Group PLC: Mount Ida Magnetite Royalty Acquisition

Marketwired - May 2, 2012

Https://news.yahoo.com/news/anglo-pacific-group-plc-mount-133000062.html

Tranche 1: US$6 million on completion and agreement of the terms of the

transaction, for a 0.3% GRR. Tranche 1 is now completed.

-- Tranche 2: US$4 million payment for a further 0.225% GRR following the

results of a positive definitive feasibility study ("DFS"), a formal

decision to mine and 20% of the pre-production capital costs outlined in

the DFS being provided for

-- Tranche 3: US$4 million for a further 0.225% GRR following the

commencement of commercial production, taking the total to a 0.75% GRR

The shares of Red Rock have fallen 73.9% in the last year.

Https://markets.ft.com/data/equities/tearsheet/summary?s=RRR:LSE

The reason is continued cash raising at lower and lower prices.

There is an upside if a project can become the subject of an IPO or be sold. Failing that more cash will have to be raised by CLN or Placings. Thus shareholders will be diluted further.

The shares of Red Rock have fallen 73.9% in the last year.

Https://markets.ft.com/data/equities/tearsheet/summary?s=RRR:LSE

The reason is continued cash raising at lower and lower prices.

There is an upside if a project/Interest can become the subject of an IPO or be sold. Failing that more cash will have to be raised by CLNs or Placings. Thus shareholders will be diluted further.

SWIMMING POOL ADDS HELIUM GAS TO WATER!

BACK

We've developed a new type of water. We’ve added helium particles to the water which increases the buoyancy of the water. The helium in the water therefor gives the swimmer a bit of a lift, which increases the body position of the swimmer. The higher the body position, the less resistance, the faster the swimmer. Futher research will be conducted, in the year that follows.

Https://swimgym.com/fast-lane/swimming-pool-adds-helium-gas-to-water

It's time for The Sheriff of AIM to join Red Rock as an Executive Director of the company he loves. Warren Buffett once the richest person in the world, before he gave away so much cash, of Berkshire Hathaway only took criticism from multi-billionaire Charlie Munger ( he died aged 99 recently) and it would therefore be great for Red Rock Resources PLC to welcome The Sheriff on to the Board.

Https://agenparl.eu/2024/01/31/press-release-23-24-judgment-of-the-general-court-in-case-t-745-20-symphony-environmental-technologies-and-symphony-environmental-v-parliament-and-others/

It appears the right course for 2024 for Red Rock to stick to just mining rather than spending as Lithium prices continue to fall. Forecasts are for lower prices throughout 2024 with no recovery until 2025. This will reduce the price of battery-powered cars although prices are now as low as $6,800 for the lowest price vehicle in China.

The following Link shows how mining is still profitable though those with plants to run have reduced production and in some cases closed down.

January 4, 2024: Https://www.mining.com/lithium-price-plummet-due-to-continue/

Https://youtu.be/WupEWyvirfM

Dec 21, 2023

Buckle up for a riveting ride with Eric Sprott, our community's financial luminary, as he tackles inflation, naked shorting, interest rates, and the precious metals market. Joined by host Craig Hemke, they not only dissect today's financial landscape but also serve up a tantalizing preview of what's in store for 2024, offering essential insights for navigating the economic rollercoaster ahead.

📢 Eric Sprott on Gold Price in 2024 🔥 Yearly Wrap-Up Report

The £465,000 will last as follows. If expenditure continues the same as to the year ending June 30, 2023, £117,000 per month, it will last just 4 months.

The only possible income up to April 30, 2024, is from DRC.

If any income arrives from Zimbabwe it will be needed to fund ALR but hopefully, in the second half year, ALR will become self-sufficient.

If ELEP IPO's in the first half year then shares can be sold also in the second half.

If Soma Gold goes to plan production from the el Limon Mill will start in April 2024. Thus income will be received in that event in the second half.

Income from the IPO of NBGC should arrive via the IPO in the second half of 2024 or the first half of 2025.

-------------------

So RRR may have a rocky first half year in 2024 in the red awaiting resources from DRC ' Red Rocky Resources ' and a rather rosey second half of 2024 and looking good into 2025.

If DRC cash eventually turns up the flags will be waving for most of 2024 and onwards into 2025 with a spring in its step.

-------------------

I am not implying RRR shares will rocket just do not miss the train that's waiting in the siding needing DRC cash in the first half. Good luck guys...

January 4, 2024 - Red Rock Resources Set To Adopt New Strategy

Https://www.chronicle.co.zw/red-rock-resources-set-to-adopt-new-strategy/

The Company anticipates resuming mine production at the historically producing and fully permitted Aurora Mine by the end of F2024. Currently, Cordero mine's production surpasses the capacity of the el Bagre mill, allowing for the building of a stockpile. Once operational, the el Limon mill will process material from Cordero, Aurora and formalized small miners.

The Company also announces the granting of an environmental license to a second small miner operating on the Company's concessions, marking a total of two formalized mines. The combined production from these formalized mines is expected to add 50-75 TPD of feed material.

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1464-tsx-venture/soma/153272-update-on-el-limon-mill.html

5 Apr, 2017 | 14:48

Red Rock, Colombia Milling settle dispute over El Limon mine sale

Https://www.spglobal.com/marketintelligence/en/news-insights/trending/8bLI8GwmgM8tePHUXNuWMA2

As part of the settlement, a 3% net smelter return royalty will be construed to cover all gold produced from the El Limon mill site, including gold produced from third-party ore.

Soma Gold Provides update on el Limon Mill

Colombia FollowTSX.V: SOMAWebsite

Mr. Javier Cordova reports:

VANCOUVER, BC, Dec. 20, 2023

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1464-tsx-venture/soma/153272-update-on-el-limon-mill.html

Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the "Company" or "Soma") is pleased to announce that increased production at the Cordero Mine will now support the restart of operations at the el Limon mill, which has been under "care and maintenance" since 2019.

The mill restart process is scheduled to commence in early January, with an estimated completion time of 3-4 months.

The decision to restart the el Limon mill, rather than relocating it to the el Bagre Gold Complex, was influenced by the close proximity of the el Limon mill to the recently acquired Aurora Mine on the OTU Centro concessions.

TwitterX Link - [Dec. 20, 2023 News] Update on El Limon Mill

Https://x.com/SomaGoldCorp/status/1737537866618864120?s=20