Krr share price will sky-rocket up soonI think it was Michael Oliver who said that if gold has a weekly close above 1870$ or 1875$ , it will signal that gold is really ready to break out and head to new all-time highs fairly quickly.. I think that with only 2 hours to go and gold at 1920$, it's safe to say that gold will have a weekly close above 1870$......When everyone was saying the US dollar was going to 120, 125, 160 etc.etc , he was one of the only analysts saying that the USDX was going to top out at 115 and shortly after that prediction, the US$ did start falling from 115 to the 102's...So I take his calls seriously...
Krr's recent news that they've increased their cash balance by a whopping 12.6 million $$$ is very important news...It shows that despite all the challenges that krr and most other Junior gold companies have had to make a profit, Krr has clearly set itself apart from the herd and showed it is a profitable business...If Krr made a profit with gold averaging in the 1650$ to 1850$ range, how much profit are they going to make with gold over 2000$ ?? The answer is : a lot !
The number one criteria for judging whether a company is excellent or not is it's profitability...Krr is clearly one of the best juniors out there..It is making money ! The market will reward this stock very soon...Gold skyrockets = Karora skyrockets..
That extra 12.6 million$ and much higher cash generation in the next quarters will mean that that New mill will have paid for itself by the end of this year...meaning by the end of 2023 or even sooner, the extra profit generated from the 70 million$ cdn mill will have paid for the mill by then...In 12 months they will be able to say that that mill was free because the 70 million$ cdn dished out to acquire it will have paid them back 75 million $ cdn...Talk about a quick return on investment..
Krr is the cream of the crop...