Speaking of nickel, Krr's nickel is not valued correctlyKrr's nickel discoveries at Beta Hunt have a very good chance of averaging around 3% nickel which is considered to be very high grade. Dumont , for example is about .29% grade which is 1/10th the grade of Beta Hunt.. The average grade of all the nickel ever produced since 1966 in the state of Kambala has had a whopping 3% grade average right across the board, so the odds are very good that the nickel at Beta Hunt is going to be in that ballpark..
High grade nickel that needs maybe 5 million dollars of capex is a very lucrative situation. BHP's nickel plant is only 4 or 5 kms away. This is almost too good to be true but if KRR can produce let's say 5000 tonnes of nickel per year for the next 20 years, they are going to make a fortune ..
All Krr has to do is find those extra 10's of thousands of tonnes of 3% nickel in the next few years. As soon as it becomes clear that Krr has easily mineable high grade nickel in the thousands of new tonnes, this stock will explode upwards...The way Mr. Junk ( the nickel boss at krr) has been talking, it seems like they are pretty confident that they will be mining meaningful tonnage of nickel by 2025, maybe as soon as Q4 of this year, but the market still needs some proof in the form of more outstanding drill results and more substantial increases in the nickel resourcres...
Anyway, 2024 is the year that they prove beyond a shadow of a doubt that thousands of tonnes of nickel product per year will be produced at Beta Hunt...
Like I said, once this is all confirmed, krr's share price will go ballistic especially in a 2000$ plus gold environment and with hopefully a rising nickel price...Even if the nickel price is still in the doldrums, krr's share price still should go up because high grade nickel = low AISC...