King River Resources Ltd T.KRR

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.

OTCPK:KRCLF - Post by User

King River Resources Ltd > A possible solution

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Comment by goldenrobon Jul 26, 2023 9:42pm

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Post# 35558830

RE:RE:RE:A possible solution

I understand what you are saying, MM, and I'm not really disagreeing with you but it comes down to the degree that these things occur with the US currency. The DXY, which at least influences the price of gold is at 101 and it has taken months for it to drop to that level. The dollar is certainly inflating but I don't think we are going to see a ten thousand dollar bill anytime soon. The BRICS nations are on the move but I don't think they are going to supplant the hedgmony of the U S dollar, at least in the short term. The dollar is still going to be here even though it is going to lose value and be used less for world wide business. The more the dollar weakens the stronger our KRR investments and stacking will be worth. It would be a mistake not to be hedged in today's financial world.

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