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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 Aug 19, 2021 9:11am
266 Views
Post# 33729507

Average gold price for July 1805$..August 1778$

Average gold price for July 1805$..August 1778$So we are past the halfway point of this 3rd quarter. The average gold price for the past 36 trading days is about 1791$.....Let's assume Krr will produce 30,000 ounces this quarter or about 15,000 by August 15 (halfway point)....If the AISC is 1000$ , you get 15000 x 791$ = $ 11,865,000.00 US profit or $14,860,000.00 cdn ...So, again Krr is making money and lots of it...The first half of 2021 has seen Karora not build up too much more cash reserves , but this is because they have been spending millions of dollars on equipment, paying off royalties, 20 million$ drilling , a few million$ upgrading the mill from 1.4 mt/yr to 1.6 mt/yr, hiring new people etc.etc. Unfortunately there comes a day for every junior gold mining company where the rubber hits the road and the reality sets in at how much money needs to be spent to get a producing mine..This is where most juniors do not have anywhere near the money to build a mine and so need to go to the market for financing and they dilute the snot out of the share structure...This is not the case with Krr ! Krr had the bulk of their dilution when they bought the higginsville operations but now Karora is light years ahead of most juniors as they are financing all their Capex with their own money. .. One day soon, the market will have to revalue Krr much higher ...that is if sanity comes back to the market...
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