OTCPK:KRCLF - Post by User
Post by
Goodtoreadthis1on Dec 03, 2020 3:22pm
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Post# 32030364
Tremendous upside
Tremendous upsideI have listened to KRR's Dec 2 2020 presentation several times now. It seems that had the Aussie dollar not appreciated vis a vis the US Dollar All-In Sustaining costs would have been below $1000 an OZ of gold . The KRR rep spoke like a machine gun to get all the data on the company out in the time alloted. What he said was NOT only is Spargas a newly purchased nearby property rich in gold ore; but something he is calling Aquarius is coming on line next year and has ore with - I think he said- 19 g/t on avg.
His highly positive concluding remark was - we produced 100,000 OZ in 2020; but with these new properties coming on line, we will be producing more than 100,000 OZ rather quickly.