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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 Feb 25, 2022 4:28pm
152 Views
Post# 34463100

Nickel hits 26,100 $UShb. /tonne

Nickel hits 26,100 $UShb. /tonneWow....If these high nickel prices stick around for a few years, Krr is going to make outrageous profits....This new resource estimate should be annouced in the month of march and even though 50C nickel will be excluded from the total nickel numbers, we should still see a nice bump up from the current 16,000 tonnes of nickel... Maybe that number is 25,000 tonnes or something now...Would love to see Karora prove out a good 100,000 tonnes of high grade nickel within the next 2 or 3 years...but in the meantime if they now have about 35,000 tonnes , if we include 50C, we are talking 35,000 x 26,000$US /tonne = 910,000,000.00 $US gross potential revenue...This has to have a big impact on the share price at some point...The market cannot ignore this forever...And if that isn't impressive enough news, Beta Hunt is only 4 kms away from BHP'S brand new/refurbished 1.6 million tonne nickel concentrator which re-opens in May or June of this year...We are talking about major savings on diesel fuel for the trucks transporting the ore to the concentrator...Again, the future is looking very bright for Karora...
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