Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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Helpful you were wrong on April and June and I reckon wrong on July.
When it comes to being wrong on RRR you are peerless.
Ann insider and investment advisor to.
Rick Rule is pictured standing NEXT to Sean Wade, POW and Stockbox's. I think this could mean that Rick Rule is very interested in his investment in POW of which RRR 100% Kilmore & Kilmore West is the STAR of the show. Rick Rule cannot know that Great Pacific Gold , formerly Fosterville South Gold has struck GOLD in their 1ST DISCOVERY HOLE with grades the SAME AS FOSTERVILLE'S DISCOVERY HOLE.!! Newmont, they are north of Costerfield but NOTHING Announced yet so they may have to turn their attention to EITHER COMET, GREAT PACIFIC GOLD OR RRR 100% KILMORE/WEST. Why? The only place there is FOSTERVILLE MINERALISATION is at Comet now and SUNDAY CREEK @SXG.
Rick Rule is being interviewed by Market Musing and its all about how HE MADE it. Link: https://x.com/StockBoxMedia/status/1807736291921903670 Rick Rule said he had to work nights. He didnt know anything about resources etc. I am listening. Thanks Helpful because I cant understand folks who can be blessed but dont want it? That is how it appears to me.
Boring Boy will be gone soon along with his lunch money. Didn't he promise he would leave if production started at Bilbale. His time is a running out, day at a time. Each day that passes, that kit is about 240 miles closer. No doubt he will find some other company he has never been invested in to benefit from his "skill set".
Helpful told me some people dont like to be called out. So, I have taken note of that but no one can expect that its a free pass on forums ? How? Many shareholders hold RRR stock from the open Registry and therefore on every forum, they are not giving free passes to the naysayers. Even in life, unless on is so rich ie billionaire status, there are no yes men. So, cant say no money if one is a Chartered Accountant, cant say no education, cant say no opportunity so , what exactly is the situation here? Helpful, could you help out in this re: a general concept of society. I am a RC and isnt this what Father said and one is taught in school about being blessed?
Rick Rule gave the keynote address today. Stockbox attended in London I think. I havent viewed it yet as I went out.
So, it now appears that Rick Rule is coming to British shores. As Banburyboy is now turning his attention to me and talking of "Kemche", is he this poster on the other RRR forum. Calling me names does not help the cause. Why? As Banburyboy declared himself he is a ...., then does he not remember what FATHER or Rev told him when he was 10-12 yrs old? Ya see, there is still a lot of inward emotion and it has now turned from RRR, Chairman Bell and now to Helpful and myself. But isnt it true FOLKS that Banburyboy appears to be a Chartered Accountant and many people are not, which means that he ought to be able to match Helpful a BSc Hons Quantitative Analysis Grad? Match as in , be as knowledgeable but rather, he appears to deploy accounting to a junior explorer? Did all the legends like Pierre Lassonde, Brent Cook, Rick Rule and Eric Sprott teach that? Just askin. Yes, I will leave at some stage and I leave with dignity. As I said , Gen 12:3 is the cornerstone. All the others have LEFT this forum.
The other board discussing News and his "wasteland style"
For now he is all ours and they can only admire from afar.
His maths are scheizzer.
Banbury, if you are thinking of yourself you may be thinking incorrectly? If you are referring to yourself and you have only ever posted under your current nickname, then since joining the forum in October 2020, you have been here less than four years. Assuming your maths is good... perhaps you sometimes have a tendency to exaggerate?
Some accountants on here have called the SP bang on for five years.
A certain arrogant, self opinionated, all neck investment advisor has called it consistently wrong for five years.
He's ditched his wrong modelling on ALR and Kenya and replaced it with FASO.
Hee!! Heee!
Remember the book: "How to win friends and influence people?." [A Classic].
Now, then, even Zanger with no College degree or anything could make MILLIONS just by studying charts. To make some money and get cash flow, he was a pool builder. Ya know, dig a hole, cement and put a plug in kinda of thing. Everyone can learn , even a janitor with hardly any education. He went to the Library to read WSJ etc for stocks. He drank orange cordial [not even orange juice] and only had a janitor's job ie no Bank of Mum & Dad. So, ya see, Rick Rule was right about folks NOT WANTING TO PUT ANY TIME IN. Even Rick Rule was just a bar-tender.
Operational Research: multiple stage capital allocation decision making was fun.
Our resident jockey has disappeared. How do I know? Kryrios was discussed yesterday per what Munger said about stocks and efficient market theory & horses.
All the rest also have gone? Ya know folks, one has to know the price of bread before one can do stocks. Hence, why Helpful knows all the theory of £140m to £31m. The theory is never to touch anything that has the potential to rise. Herein is the lesson at RRR with all the ducks provided by PROVIDENCE at RRR 100% Australia etc.
Maybe, the resident can take a new degree like Helpful in Quantitative Analysis?
I learnt it from class - I was sitting quietly and the lecturer walked to me suddenly as he was teaching the class. Ya know, I did not know how to react when the lecturer is talking and teaching and then stops to walk up to me and hand me a book entitled: MONTE CARLO SCHOOL OF SIMULATION. He said I could borrow it from him. He as the Stats lecturer. So very kind of him and I still remember him.
So, ya see anyone can learn if they take some trouble.
I missed this on Friday.
https://finance.yahoo.com/news/reconafrica-announces-operations-joint-venture-100000398.html
Recon as acreage to the North and North East of Elephant Oil's acreage in Namibia. They are testing the same geology: Whaleback Anticlines in the Damara Fold Belt.
Fingers crossed.
DYOR
Helpful says " ALR hasnt borrowed a load of money and spent it for no return "
ALRs only reported activity is buying 200 tonnes of someone else's Lithium late last year and storing it for export.
So I think it's only activity is borrowing money to buy and store lithium and as at yet we have no return.
So over the last couple of years at various times we have had people on here telling us that RRR is a basket case. That, at different times, Premier African Minerals, Caracal and Marula are much better and that RRR could learn a lot.
Well all things come to pass.
For the last six months we have had people warning that RRR will be suspended. Well RRR is not but I can't say the same for two of the others. Obviously not Prem but Prem is down from about £140mil, when I set up my plan to short them, to about £31mil even after all the fund raising and share issuance. Prem has spent about $75mil on a plant that still doesn't do what it says on the tin but apparently ALR does everything wrong and Prem can do no wrong. At least ALR hasn't borrowed a load of money and spent it for no return.
Remember that in a couple of weeks.
DYOR
Nike, full mechanisation should bring the cost of production right down to $300/$500 per oz (no one knows till it is done but that is what one would expect).
Some accountants on here might not understand this because they did cost and management accounting a long time ago and only regurgitate AISC, AISC ad infinitum like it means something.
The biggest factor on the marginal cost is the grade and second the volume that the plants can process. That is, if it is high grade and low clay, then the marginal cost will be lower.
As to volume, once fully mechanised that is down to the area of alluvial and the thickness of the pay dirt. The bigger the resource the bigger the wash plants you can put in. You wouldn't want to put in really big washplants if you are going to run out of feedstock in six months.
The licence is 180 km2 ish and I suspect about a third is alluvial (I don't know). The alluvium has been deposited by the Black Volta, it maybe we can get other alluvial areas in due course.
I expect that if you are going to move big heavy duty kit in, you would want at least a three year life out of it. They will know more once they are on site and doing the doings,
Don't forget they also have the hard rock to deal with.
DYOR
Talkinfo
If one looks at the RRR Twitter , one will see the LINED PONDS. And from what Helpful said of artisanals, it would appear that in fact, it is NOT a small type operation either. As in, not someone without capital ie artisanal? Why? I just called up KAV in Zimbabwe doing the small gold operation as well and they also have LINED PONDS that look smaller to me. So, put 2 +2, the FASO artisanals were going to start what RRR/SAM is going to start now, isnt it? Logical?
If the trades were 5 x the number of chat posts , the sp might actually start to move up .
Talkie, what you do or don't believe is a matter for you.
I would suggest that you are the one speculating.
There is absolutely no point in RRR/Faso having staff out there on payroll sitting around doing nothing because there is insufficient feedstock.
I have no view on DRC. It will be done or not done. Every time we think that the matter has been resolved another issue crops up. We are in a process that eventually will time out. We just have to make sure that we play the game whilst waiting. We were very close before the election. So who knows?
As I have said a couple of times, (and of course the trolls try to reconstruct it another way, it seems no stupidity is beyond them) compared to Bilbale, DRC is now small beer. DRC is a stock and BF is a flow. So DRC will be $7.5mil less costs whilst Bilbale could easily be $1mil pm net to RRR.
The main upside to getting the DRC Arb ruling is that we can then pursue Big G having boxed off DRC.
DYOR
Oh, by the way talkinto: As far as the pics I saw, they were ore from like yellow dirt but they are NOT ROCK. So, from FASO, in a primitive operation, I saw women and children in a tag line digging the yellow dirt ie sand /clay etc and just passing them to do the processing in bags only. LoL. SO, NOT ROCK means its easy, no?
For balance. What is seen on Twitter is a short snippet. So, does one not have to ask if it is PILED UP into
different mounts? Surely, the artisanal operation was quite slick and they cant be just having 1 pile of ore to process as a work-stream. Workers cost money and therefore, these days, they work smart and know about WORK FLOW = CASH FLOW etc.? One needs to ask questions.
Thanks Helpful, think I am understanding all of that... I did my calculations based of 21.6oz by the value of gold ×365, I don't how how I got 12.6m but on the second attempt it was 17.8m using approximation/rounding, appreciate based on stardard 90% functionaliy that would be 16 million US dollars accross 365 days. The costs for near surface and at surface gold mining are cheaper than deeper underground. I am assuming higher overall throughput numbers and full mechanisation would lead to higher daily output which could mean a higher annual total...
Helpful - my point is I do not believe they have a stockpile anywhere near your modelling quantity and this is the part I have asked if you are speculating on.
I have re-watched the 14 second twitter snippet several times and can see around 150mts of dirt which could simply be the dirt dug out to create the pond.
I cannot see any official reference from RRR stating they have a stockpile with gold content to work through and that they are not reliant on earth moving equipment arriving in order to commence.
I suppose at this stage only time will tell... RRR will either state production has started in the next 1-2 weeks once concentrators land or they won't.
Anyway what were your views on DRC payment also?
So, contrary to nay nay's , it would now appear that RRR in going for ARTISANAL GOLD which is quick and easier [others are even opening old mines] at FASO and perhaps even Cote d'Ivoire appears to be the PRUDENT MOVE to get cash flow in. Yes, No?
I just checked about Bird's Manica - it only had 782k gold. Willem, Chief Geo of RRR postulates 2moz for Faso.
So, even with split profit, XTR received US$15m buyout from the Chinese operator.