RR1 7.14% 1.3¢ reach resources limited

Re rate happening, page-2594

  1. 5,688 Posts.
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    What I would like to see is some small Gold Mining and make some quick Cash,

    RR1 has a Mining License at Primrose Gold Project at Payne's Find



    https://hotcopper.com.au/data/attachments/5671/5671822-493417f339261479bb27f58d3e64af8b.jpg
    We have

    https://hotcopper.com.au/data/attachments/5671/5671826-bc4112747ed220000370f4ea9f8d0804.jpg
    https://hotcopper.com.au/data/attachments/5671/5671838-5c7effaf0feffb9efa6b02131ff3029e.jpg
    https://hotcopper.com.au/data/attachments/5671/5671856-839f8c3c8d0dd14eadcead7aa849e6fe.jpg
    https://hotcopper.com.au/data/attachments/5671/5671861-dd80e7e867f38b574a09a7dcf1a6dc69.jpg

    Processing Plant just up the Road at Mt Magnet

    https://hotcopper.com.au/data/attachments/5671/5671928-fcae76356d1f69bd0955cba95a48a355.jpg
    https://hotcopper.com.au/data/attachments/5671/5671933-fb71e1811d3f55a9e9b8099a260101e1.jpg

    Gold Mill to Paynes Find 135kms Checker Processing Plant

    https://hotcopper.com.au/data/attachments/5671/5671936-57229fe7c9b2436c33b19e748f601d68.jpg
    https://hotcopper.com.au/data/attachments/5671/5671939-116fdfab87ff996858199544465c6755.jpg
    https://hotcopper.com.au/data/attachments/5671/5671942-10e792a1104797a042f1af0c50c2d480.jpg
    https://hotcopper.com.au/data/attachments/5671/5671945-1c18053e1ac76498a7da186096e13c0b.jpg


    Here is an Excellent example

    https://hotcopper.com.au/data/attachments/5671/5671959-aff7a9ad9f2d1170bf22d9072e46e714.jpg
    https://hotcopper.com.au/data/attachments/5671/5671960-da589d6e955655699af8c2c5d8e6f490.jpg
    https://hotcopper.com.au/data/attachments/5671/5671963-9d58e8e7b35a3581cff7edd286eaac00.jpg
    https://hotcopper.com.au/data/attachments/5671/5671965-64a882da6ceb931981795d2ce02a729d.jpg
    https://hotcopper.com.au/data/attachments/5671/5671968-547833a9055603b924fd5ff80535b85c.jpg
    https://hotcopper.com.au/data/attachments/5671/5671969-d5ef206dcbea3562f7a9d834e7c89213.jpg

    https://hotcopper.com.au/data/attachments/5671/5671976-2a0bbae4c20c38bea0218f65998bc843.jpg

    3.2g/t = 0.11287oz of Gold

    https://hotcopper.com.au/data/attachments/5672/5672010-28bc022f7b8de92382dacf3091293c6f.jpg

    If RR1 processed say 25,000t of ore which would be very small scale

    Every Ton of gold you get 0.11287oz of Gold x 25,000t = 2,800oz of Gold roughly

    https://hotcopper.com.au/data/attachments/5672/5672028-0d10e134a97e2728fa4199877e6c3512.jpg
    2,800oz of Gold x $3,178.60 = $8.9M AUD

    Probably 40-50% will go to the mill roughly the going rate

    RR1 will have $4-5Million dollars from processing a small amount of ore
 
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