Karora Resources Inc T.KRR

Drilling resumed at beta hunt

[Andrewski]

Listened to the red cloud deal today. Still 2 weeks until the MMX deal is closed. Huey wouldn’t talk about BH other than drills are back. Hopefully this won’t interfere with mining. Stoping that FDV should be priority.

Huey Dilutey claims MMX wanted equity and wouldn’t take his all cash offer. If this is true he should be using cash for buy backs. Maybe we will get a surprise and see 10mil+ shares repurchased when we see Q2 numbers, which are coming next week.

I seen company report their averaged sale price $1715/oz and another $1719 for Q2.

If we have 5500oz at $1339 and I’m predicting grades increase a tad so we get another 21500oz at $1715 the average will be $1638

MS royalty was reduced end of Q1 so AISC should fall another ~$30 bringing it around $1073

$1638-$1073= $565x27k =$15.255mil USD or $20.72mil CAD

Perhaps the extra 2500oz is optimistic but WF stopes have been opened up and FairPlay has higher grades so a small 0.2gpt increase in grade should of been achieved.

Either way at 24k oz still a $15mil+ quarter in earnings

[Andrewski]

And plug those numbers in with no hedge, reduced BH royalty and $1800 gold. So far for Q3 we’re looking at: 2.75% of 1540 (last Q sale price)=$42.35 BH was about 65% production=additional $30 off asic $1800-$1040=$760 x24,000 = $18.24mil USD x27,000 = $20.52mil USD or $28mil CAD we gonna be rich

[grampax5]

You didn't calculate the shorts

[sopot]

Andrewski left them on the beach, very worn - no use of it anymore, better naked.

[Andrewski]

Update this for $1880 gold $1880-$1040=$840 x27k= $22.6mil USD over $30mil CAD for a quarter now dayyyyyum gold going up too fast though. Big quick pull back to below $1800 coming soon imo. Got calls on DUST  

[colt45acp]

2000 USD POG DOABLE by end year- mid 2021 . dO MATH now - They want and need a R/S. 

[colt45acp]

iF you believe POG will not go higher or you think it makes no difference, jmo.

[Heartbrker]

Royalty reduction agreement with Maverix is not confirm yet

[LiTeOn1981]

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