Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.


TSX:KRR - Post by User

Post by MaterialsManon Apr 07, 2024 8:52am
177 Views
Post# 35975378

Not dead yet! Maybe

Not dead yet! MaybeFrom my point of view, transparency is not exactly KRR's strongest attribute.
Case in point, the short term status of its nickel business.
From what I can gather, the BHP smelter in Feysville has not shut down. I believe it's operating at 3/4 capacity. The nickel ore that Karora provides to BHP goes to the concentrator in Kambalda, and from there, the concentrate goes to the smelter futher north.
I believe that the production from BHP's own nickel mines has been disrupted for several reasons. This info is not being garnered from KRR's frequent updates (lol).
The shortage of available concentrate has to be made up. Beta Hunt is a convenient source of ore,
and it would appear that KRR does not have to virtually give it away to BHP. The shortage of ore for the concentrator should be providing Karora with some leverage as far as the price is concerned.
There was no mention of nickel sales in the production report. This makes it all a wild guess as regards  the sales of nickel ore. Maybe there will be some mention of the situation in the next quarterly financial report. Then again, maybe not.
I seriously doubt that we will find anything about it otherwise. Of course Karora does interviews once in a while, and the subject of nickel does get mentioned occasionaly.
Could be too that everyone is preoccupied in the merger talks.
<< Previous
Bullboard Posts
Next >>