Investors seem ignorant of the staggering potential hereKrr seems to be flying under the radar.. I don't think people are aware of how close this stock is to exploding upwards..
Let's fast-forward to January 2024... Krr at this point is a gold company that will have 2.8 million tons of mill capacity at which time if tthey feed ore of 2.96 g/t at 94% recovery for a net grade of 2.7824 g/t, they will produce 250,000 ounces of gold.. Now the big question is: what will the average price of gold be for 2024 and what will Krr's AISC be for 2024 ?
Here's the math: If the price of gold averages 2300$ for all of 2024 and if Krr nanages to keep their AISC at about 1100$, we are talking about them producing 250,000 ounces at gross profit of 1200$US/ounce or gross profit of 300,000,000.00 $ US gross profit or $404,000,000.00 cdn gross profit!!!
BUT it gets even better than that! if we look at year 2025 , things will improve drastically for Karora... How so? Well for one thing they will have begun their serious ramp-up of nickel production whereby they may now be producing 3000 tonnes of nickel per year or maybe 4000 tonnes per year which translates to dropping Krr's gold AISC to maybe 800$US/yr.. Now if the price of gold averages 2700$US!/ounce and Krr is producing 250,000 ounces of gold , you get 250,000 x 1900$US = $475,000,000.00 US GROSS profit or $640,000,000.00 cdn gross profits for fiscal year 2025...
If these numbers hold true , we can see KRR having a gross profit of 1.7billion canadian dollars over the three year period of 2024-2025-2026...
Why would anyone sell Krr stock right now?
There is just the Macro situation to improve and Krr's share price will absolutely explode upwards. .
People say stupid things like: this stock is so boring ..etc.etc.
Why would a company on the threshold of making mega profits be boring to someone?
But, this junior gold sector is so dead right now, that many people are going to miss this golden opportunity to buy such a gem of a stock, so low...