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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 Mar 19, 2021 11:46am
514 Views
Post# 32838071

.30 net profit per share in 4th quarter

.30 net profit per share in 4th quarterThis high profitability that happened in the fourth quarter was certainly helped by them finding that 2500 ounce boulder..This boulder helped raise the overall grade to about 3.2 g/t, which expla v ined the lower AISC... So if they can maintain a .30 / share per quarter - 1.20/share per year pace ..The share price has nowhere to go but significantly higher...If they get a P/E of 10 for the stock , you get $ 12.00 /share !!!! This news release is very historical in that it is showing very clearly what kind of profitability this company is capable of and will be attainable in the future...What kind of profitability are we talking about when Spargos and Larkin etc. are fully online? What will grade at 5.0g/t give us in terms of profitability? Maybe .50 $ per quarter or 2.00 $ per year...PE of 10 x = 20$ per share....If price of gold explodes to 2500$ an ounce, how much profit will they get? The next 12-24 months will be very interesting, to say the least...
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