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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 Oct 11, 2021 11:04pm
271 Views
Post# 33996124

Hypothetical profit if producing 1000 tonnes nickel in Q3

Hypothetical profit if producing 1000 tonnes nickel in Q3Just to give a realistic hypothetical scenario for the potential production and profitability of the Beta Hunt nickel...in order for Krr to have produced 1000 tonnes in the third quarter, they would have had to have used the beta hunt ramp exclusively for 10 days of the 90 days for just nickel ore hauling by truck. 10 days x 2666.66 tonnes per day = 26,666.66 tonnes of nickel ore for Q3 x 4% nickel/tonne = 1066.66 tonnes of nickel x $18500 US/T = $19,733,333.33 US gross sales- AISC $ 5,333,300.00 US ($5000 /t x 1066.66 tonnes) = $14,400,033.33 net profit 30,000 gold ounces = $480 US nickel credit per gold ounce produced in the quarter.....$14.4 million US = almost 18 million$ cdn profit just on the nickel production... One of these days we are going to see significant nickel production and incresed profits....
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