OTCPK:KRCLF - Post by User
Post by
Farquaron Jul 21, 2023 3:16pm
557 Views
Post# 35552026
3.0 g/t grade in 2024, KRR will produce 254,000 ounces
3.0 g/t grade in 2024, KRR will produce 254,000 ouncesThe math says that KRR with milling capacity of 2.8 million tons/yr with mills running at 100% capacity and with a grade of 3 g/t x 94% recovery , will generate just under 254,000 ounces of gold /year, for the fiscal year of 2024...
They are going to produce about 800 tonnes of nickel in 2024...800 × 25,000 = $ 20 million US in gross revenues..
In 2025 krr could be producing between 2000 and 3000 tonnes of nickel x 25,000$US = 50 million $US - 75 million $US in gross nickel revenues in year 2025..
Their expenditures that were to get them to their 200 k production objectives have mostly been paid for by now : 50 million $ cdn for the new ramp and 70 million$ cdn for the new mill...
KRR has significantly de-risked their operations and look poised to reach all their projected milestones...
I can't see how this stock is going to stay at these levels much longer..
If the price of gold averages 2350$ in 2024 and Krr produces 254 k at a AISC of 1150$ , KRR will generate over 400 million $$$ cdn of GROSS profit...Yes, that's 400 million $$$... Imagine when the nickel starts adding 10's of millions $$ more of profits in 2025 and beyond...
Every week we are getting closer to these production goals..
KRR could be a 4 or 5 bagger from here in 12 months time..
It's not the time to sell KRR right now....