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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 Feb 19, 2021 9:52am
259 Views
Post# 32608344

Short squeeze could very well happen if people got organized

Short squeeze could very well happen if people got organizedAfter industries buy their silver to use in their various technologies, they say there are only about 300 million ounces of newly mined silver available in one year..If you had only 1 million retail investors buy 1000 ounces each , right there you get an aggregate buy of 1 billion ounces, well over 3 times the available supply...Yes there are (maybe) a few billion ounces of scrap silver in the form of grandma's silverware etc.etc. but this would take years to bring into the market , and that is assuming it hasn't already been sold or that enough people would even contemplate selling it...Anyways, in this day and age we can quickly mobilize millions if not tens of millions to invest in an asset...I hope this happens , as gold will follow the trend much higher. ...
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