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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 cleareyeon Feb 06, 2023 1:21pm
264 Views
Post# 35269650

Correlation between $Aus:$Can or $Can:$USD or ,...

Correlation between $Aus:$Can or $Can:$USD or ,...I am trying to understand if there is a correlation of the KRR share price to fluctuations in currency exchange.

I'd like to think that it is all Gold pr to $USD, but in fact it might be:

Positive correlation of Gold pr to $ Cdn - since the share price is in Canadian dollars - on the TSE

(Negative correlation of $Aus to $Cdn to account for Australian operational cost) factored by the $Gold/$Cdn ratio.

Maybe that is just background noise and we're really looking at business model, cost of material handling systems, cost of electricity in Australia, Management acumen, price of gold on the world market - back to that USD, acknowledging a nickel component, factored in.

And then there is, stock market desires, fears, knowledge, runs, trends, reputations, foward anticipation, etc.

Are there any fundamental elements to currency exchange??

cleareye.





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