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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 Jun 02, 2022 12:28pm
249 Views
Post# 34726841

Krr has 2 fully functional mills already paid for...

Krr has 2 fully functional mills already paid for...Investors, don't seem to comprehend how significant this is...The mills are both giving krr 94% recovery rates..They are both paid for , at least after june 15 but with a 8-9% dilution in shares....Look what happened to Argonaut gold, they have to build a new mill but they severely under-estimated the cost by 100's of millions of dollars..This is why their stock price tanked. They have to spend something like 700 million $cdn to build a new mill with all it's infrastructure and all that, this was a bombshell to the shareholders....but Karora is not going to have this problem as the mills are 100% operational and like I said....fully paid for but with a 8- 9% share dilution ... . Higginsville mill will get upgraded albeit with some delays but it will be paid for...at that point, higginsville mill will be 2.5 m/t and Lakeview will be 1.2 m/t = 3.7 million tons capacity per year x 2.4 g/t net = 286,000 ounces of gold produced.... There are no perfect gold companies, they all have their challenges but Krr is going to do much better than all the others...
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