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News it would have been shorter just to write that you agree with me
A settlement, by definition, will not be close to the loss (as shown by news). Perhaps if it went to trial etc. The early the settlement the larger the discount
Its a nice story but the DRC cash needs to happen before. IMO
Certainly large numbers which does not include additional damages, lost profits and perhaps taxes to be paid on the settlement
Helpful You are correct
on point 3- Funding is easier not only for RRR but other companies as well who can then use those funds to JV on RRR gold properties
The gold price is up $32 as I write this and see reports that Bitcoin (which I do not follow) is reaching all time highs as well
News I do admire your posting stamina on RRR. On Feb 27th you started at 00:18 and finished at 22:27
Curious if you get paid by the hour
Theeduke-Thank you for the kind words. I recognize people will have different viewpoints and I welcome diversity of thought. I do take strong exception with someone claiming I wrote something when clearly I did not. I try to deal with reality and my perception of that reality may be different from someone else. Even words may have different meaning or context to others particularly on stock forum available on the world wide web.
Even Helpful did not do what News has done.
IMO News just established that he has ZERO credibility
News You just got caught making stuff up
Here is my post that you referenced
"RE: DRC payment Today 14:38
Pumpy getting tonnes is never an issue, that could be processed in my back yard but there is no gold there in my back yard (note I corrected my spelling mistake)
so the production rate does not matter
***************************
There is no reference to Bilbale even in the title line.
LOL if you think you are the only who has a positive outlook on life
As for me, I can have a positive outlook on a stock and still be aware of the risks involved
Your good record on this site was damaged when attribute false statements to others
News I will take your response as an admission that there was no such post by me and you simply lied
News please identify my post (date and time) where I stated "NO GOLD at Bilbale"
Here is one of my posts on Bilbale
RE: Bilbale28 Feb 2024 15:54
TheeDuke If Bilbale can process material at 2+ grams it will be very profitable
News re: Bilbale Please read my posts. I stand by comment that there is no gold in my backyard.
My point was RRR can process tonnes of material but will there sufficient gold to make it worthwhile.
RRR found lithium but not high enough grade to make it profitable. Maybe the lithium price will continue to increase high enough to make it profitable.
Now it gold processing which also has unknowns
I have actually read the RNS and news about Bilbale and recognize they reported some gold assays results. How many samples did not have gold? unknown Is the gold mineralization connected? unknown
I point this out to offset some comments that suggest its time to start calculating how much cash will be generated.
IMO Its too soon to tell.
News re: gold at Bibale
RRR has announced some exploration results with gold but at this point it is unknown if that gold is of sufficient grade and quantity to support an economical operation. The proposed plan will go along way towards providing that information.
However that is long way from what Helpful was saying.
Checking legal files in Kinshasa- I have no doubt that RRR would announce if the arbitration process was concluded. So NO I will not fly there to confirm that it has not been done. No point.
Property visits- Again no point. First just because someone is a shareholder does not give them right to gain access to a property. I also believe that if RRR had additional information beyond limited drilling results and rock chip samples it would be released. if RRR had a mineral resource estimate then it would be released so there is no point in anyone visiting a property to confirm that it does not exist
PS If you owned stock in Microsoft do you think they would let you view the source code?
NB the name of the property is "Bilbale" which is important if anyone is planning a property visit
Pumpy getting tonnes is never an issue, that could be processed in my back yard but there is no gold there om back yard
so the production rate does not matter
TheeDuke the change happened about 1 year before. Also remember government changes in regulation never happen in vacuum. Proposed changes are announced, debated, changed, etc.
Making excuses just look bad
From X "The equipment brought in for our alluvial gold test programme at Bilbale will be able to handle from 288 tph to 1,152 tph"
1-that is a very wide range
2) # of 40 ton trucks needed- say 4 round trips per truck so each truck can handle 160 ton per hour -so total of8 truck needed
3- # of people 8 drivers, 1 mechanic, 1 for front end loader , 1 excavator, 2 for wash plant, 1 shift manager, 1 plant manager and 1 general manager, then say 8 security guards, 1 cook total people 24 people
This only for one shift, no time off, no replacements available if someone is sick or has time off
Like RRR asked I am thinking about this and watching the Lithium exports
IMO RRR is better off waiting for the Congo cash
so would you hire that many people if you test processing?
Zumore totally agree- Helpful just spouts nonsense creating unrealistic goals and objectives which can not be met by RRR.
IMO this is very damaging to RRR. Helpful might create short volume but if people buy based on his comments then they will be disappoint in 30 days or less and sell
Banbury Its just a wash plant. dump material into an elevated bucket which is then fed into conveyor and sprayed with water. It is elevated so the water goes down hill. Alluvial contains placer gold which is separated by gravity. The bottom of conveyor belt has a mat to capture the gold, then there is screen on top of that, the dirt and rocks get washed down
the conveyor belt
check out the TV show "Gold Rush: Alaska" episodes are probably on the internet
In addition to the wash plant, an excavator, front end loader. dump truck are the other pieces of equipment. Compared to hard rock mining it is not capital intensive and they can get going fast.
among the many risk factors- is the gold really there? theft of gold
Robbins No I remember that AB is in charge and Helpful promotes so does everyone else which is why there was no reaction to this news Even if they announce production (like lithium exports) it will take time before anyone actually believes it.
TheeDuke If Bilbale can process material at 2+ grams it will be very profitable. I think you meant to say 0 grams and then it does not matter how fast they process the material
Question for entire RRR chat room- How many public company produce placer gold?
Answer very few- placer is spotty and requires trustworthy on site management who wont pocket the gold
Helpful-You dont have any credibility with any of one familiar with your posting history over the past 12 months
Yes the math in a desk top calculation looks good, but then so did lithium exports which turned out to be ZERO
As a shareholder I am holding for Congo cash. Anything else is waiting for tangible results since most if not all dont believe what you post unless its referenced on the internet so it can be evaluated
You have no balance, everything is always positive. You lack any sort of risk assessment
Banbury Last December (2023 lest anyone forget) AB said watch the lithium exports.
Turns out it was zero.
IMO AB shoots himself in the foot by emphasizing the very short term and/not following up on prior statements such as 3 teams were sent out to look at the property but there is no update on their work activity or results
He does not stick with a story line for very long to get any real traction