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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 > Average price of gold in July =1950$, August = 1920.25$
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Post by Farquaron Sep 08, 2023 3:02pm
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Post# 35626695

Average price of gold in July =1950$, August = 1920.25$

Average price of gold in July =1950$, August = 1920.25$And after only 6 trading days including today, the average closing price for September so far is 1927.25...

So altogether, the average gold price for Q3/2023 is 1933.86$US/ounce so far after 49 trading days...

Krr sold their Q2 gold at an average price of only 1909$/ounce even though the average gold price was 1978$/ounce. If they kept their word and did not hedge their gold production so far in Q3, then their overall sale price of their gold produced so far in Q3 should be at an averave price close to 1934$/ounce which would be an improvement of about 25$/ounce ...

Again, Krr should have a better quarter than their last one...

The share price has over-reacted to the downside yet again...The share price is getting a bit oversold at this time...Still lots of catalysts that could propel the stock higher...
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