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Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.


TSX:KRR - Post by User

Post by Farquaron Dec 04, 2020 10:23am
430 Views
Post# 32036374

200,000 ounce production in year 2021 ?

200,000 ounce production in year 2021 ?Remember , to get 200,000 ounce production out of a 1.4 million ton/year mill, you need an ore feed of 5 grams/ton x 90% recovery.... So with all these high grades that they are discovering, I think it is highly probable that Karora could attain that 5 gram/ton average in 2021 by blending alot of high grades from different deposits to get to 1.4 miilion tons of ore .. If you use an average gold price of only $1800 and AISC of 800$ you will get 203,000 ounces x $1000 = $203 million US profit or 260 million$ cdn profit..... If the average gold price is 2200$ in 2021 then you get 203,000 x 1400$ = $284 million US or $363 million cdn....yes I said 363 million cdn profit! I am not even factoring in , things like nickel by product credits or ore sorters or the acquisition of another used mill which could easily add another 100,000 ounces of production... Like I've been saying all along, this stock is severely undervalued...
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