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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

Comment by Farquaron May 20, 2021 9:11pm
246 Views
Post# 33245882

RE:RE:RE:ATTN: Karora shareholders

RE:RE:RE:ATTN: Karora shareholdersI agree with you 100%...I have no problem if they withhold sales of some of their gold and wait another month or 2 to get a better price later.,especially in a roaring gold bull market..In fact they have been doing that for quite some time, already..The only problem is that there's the possibility that the central controllers might decide it's time to burst the stock market bubble, and they might deliberately take gold down with it , so you might have a scenario where gold is trading at let's say 2500$ but drops like a rock to say 1500$ because they paper bomb the comex..even if it's only a temporary thing...The market would punish this stock if they held too big of a gold hoard during a huge price drop...I think the better question is: should Karora even be hoarding cash in the future if all fiat currencies start depreciating rapidly ? If hyperinflation starts to kick in, Karora will need to transfer those dollars to hard assets as soon as possible, otherwise they will lose their shirts ..They are better off spending most of their cash before it becomes worthless or worth less...Once a new financial system is installed , then Karora will not have skipped a beat...
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