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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 24, 2021 12:40pm
253 Views
Post# 32866928

What is the going rate per ounce of gold?

What is the going rate per ounce of gold?Last year , KRR spent 15 million$ on drilling which resulted in a very big increase in measured and indicated gold reserves , as well as a big increase in probable. So, let's say that 15 million added about 150 million $ of value ( or whatever the amount is) to this company in terms of increasing their gold in the ground. So, this year, they are spending 20 million$, how much more gold will be added to their reserves? And what is the going rate , per ounce for determining gold reserves? If the rate is 100$ US /ounce per ounce in the ground, then if Krr finds another 1 million ounces on their properties, then you can add another 100 million $US to the value of their gold in the ground...They have probably millions of yet undiscovered gold on their massive land package....Just this alone will increase the market cap over time to much higher levels...
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