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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 19, 2021 8:34pm
300 Views
Post# 34025162

Krr gold in 2022 = 140,000 ounces @ 100$ AISC?

Krr gold in 2022 = 140,000 ounces @ 100$ AISC?How could Krr get the AISC down to 100$/ounce in 2022? By using the Beta Hunt ramp exclusively for nickel ore about 6.32days a month .. 6.32 x 12 months x 2638 tonnes ore/day =200,000 tonnes of nickel ore for one year x 4% nickel= 8000 tonnes of nickel x 21,000$/tonne = $168,000,000.00 US gross sales @ AISC of $6000 US/tonne = gross profit of $120 million 140,000 ounces gold = $856 US nickel credit per gold ounce...If gold averages 2100$/ounce @ AISC 100$ in 2022 ...then you have 140,000 x $2000.00 = gross profit of $280 million US or $346 million cdn 160 million shares = $2.16 cdn/share x PE of 10 = $ 21.60 cdn /share... So, can this scenario happen? It's in the realm of possibility, imho, they just need to prove out enough high grade nickel to mine...Furthermore, if this happens they are going to have maybe 250 - 300 millions$ in the bank , maybe more...Just think what they could do with 250 -300 million$..Maybe they buy out a decent 100,000 ounce gold producer or they spend 100 million$ on drilling and find large gobs of gold everywhere on their properties or maybe they buy just a mill or they buy gold deposits in the area or nickel deposits, maybe they buy back more royalties etc.etc.Again, if all this transpires, I doubt the share price would only be around 21$ but more like 30$ ... If they could prove out 100,000 tonnes of nickel over time, then they can mine 8000 tonnes a year for over 12 years...If gold averages something ridiculous like 3000$ and/or nickel averages 25,000$ tonne , then we are talking pure fantasy land here as far as share price goes....lol.....Remember Mr. Gold, Jim Sinclair believes gold will be 3500$ in 2023, we are only 14 1/2 months away from January 2023...So, maybe this time Sinclair will be correct on this call...He's been wrong too many times to count, but he seems to get these big Macro calls right... I am probably starting to irritate people with these repetitive projections, but I am only putting this out there , to counter-act these non-sensical people that state they would take a 5$/shr buy-out or something. . This company is so undervalued right now, it's ridiculous...The biggest return for our investment will be if Karora stays an independent company not if it gets absorbed by a major like Newmont or something...
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