Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jun 01, 2021 10:43pm
269 Views
Post# 33308797

The nickel credits = 50$ on each ounce of gold?

The nickel credits = 50$ on each ounce of gold?$ 7.5 million US yearly nickel profits will give an AISC reduction of 50$ on 150,000 ounces of gold...If Beta Hunt has thousands of tons of nickel, $7.5 million US profit per year seems too small.. As I had written earlier, if they have 32,000 metric tons of nickel , then the potential gross sales are $750 million cdn.. The question is: what kind of net profit are we looking at on 750 million$ sales? I really have no idea, but let's say it's $500 million cdn...and let's say it takes 15 years to mine all that nickel , then we are talking a yearly net profit of $33.33 million cdn ...or a reduction of the AISC of 150,000 ounces of gold of $222.22 cdn or 184$US per ounce...Anyways, I think the nickel credits will be well above 50$US/ounce , if my calculations are anywhere in the correct ballpark...Look, they (prior operators of beta hunt) are not going to build 400 freaking kms of underground tunnels/roads if there is no substantial nickel there...The distance between Toronto and Montreal is something like 420 kms....I think they spent over 100 million$ building all that underground infrastructure, but today's cost would probably be closer to 250 million ...but for what? For a little bit of nickel and a little bit of gold? All logic says Beta Hunt is an absolute beast with plenty of gold and nickel...It's a World class nickel and gold deposit...The operator before RNX (Salt lake mines) said that there was 40 years worth of gold at beta hunt, and we are not even talking about the nickel...They have 3 drills going on there , with time they will probably add more as the potential is huge .... .
<< Previous
Bullboard Posts
Next >>