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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 May 16, 2023 2:04am
272 Views
Post# 35449626

Krr produced 39827 ounces but sold only 36145 ounces in Q1

Krr produced 39827 ounces but sold only 36145 ounces in Q1So basically there were 3682 ounces not sold in the first quarter but rather carried over to the first  week of April .

This 3682 ounces represents 10 million dollars canadian of extra revenues that should be reported for Q2.

Do you think that 10 million dollars would have  shown Q1 as fairly profitable? The answer is YES!

So in Q2 , right off the bat, had a 10 million dollar sale in the first week. If Krr produces another 40,000 ounces in Q2 and sells all 40 k ounces, they could conceivably sell 43,682 ounces of gold x 2010$ = $ 87,800,820.00 US dollars of sales in Q2 or $ 118,370,380.00 canadian dollars of revenues..

If those 3682 ounces of gold had been sold in the last week of March, the Q1 numbers would be excellent and the stock price would have shot up 10% today but that did not happen.

Investors need to read between the lines with a stock like Krr...Q2 numbers will blow the doors off the wall...
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