Karora Resources Inc T.KRR

Silver Lake resources to the east of Krr

[Farquar]

Has a valuation of 1.3 billion $cdn right now...It was at 1.8 billion$ cdn just a little while ago..They have over 300 million $cdn in cash and zero debt.. They have a RE of about 5.4 million oz gold @ 4.4 g/t grade and 23,000 tonnes of copper...They produce about 250,000 ounces gold per year...If you want to know where Krr's share price is headed, look no further than to Silver Lake....In this district of Australia you have 3 excellent gold companies, Northern Star, Silver Lake and Karora...They are all takeover targets....I think Silver Lake is the more attractive takeover target right now, in comparison to Krr...So, this should buy us time...I think Huet is trying to make Karora look like the plain Jane sister of the area so potential suitors will ignore krr in favour of the other 2 ... It's a fine line to walk, you want to keep krr low key but at the same time you need to show the market that it has a great future and is progressing rapidly..It's reached a point now that they need to go get that coarse gold , but it's possible they are going to hide it in stockpiles as much as they can..If someone tries to takeover Krr , Huet could then "release the beast" so to speak, to quickly boost the share price way higher than the takeover offer....Speaking of stockpiling gold, Huet let something slip a couple of months ago, he spoke of having a stockpile of 8 g/ton ore...I believe he's stockpiling the high grade ore from Spargos and some coarse gold from Beta Hunt and is using this high grade ore to top off their overall production, so for example if they are falling a bit behind on reaching their quarterly production , Huet will run this 8 g/t ore to increase the numbers..This is why I believe , Q4 will exceed expectations and Krr will surprise to the upside again..Probably do 32,000 or something like that... Under promise and over-deliver is the script they are following...It's a time honoured simple strategy that works...Speaking of the coarse gold at Beta Hunt, I believe that starting in January 2022 , shareholders will now be justified in complaining about not mining enough coarse...Krr's had enough time to figure out where the coarse gold is located and generally how much they have....Remember a former director of RNX , I forget his name, said 3 years ago that they believed there was at least 200,000 ounces of extremely high grade gold in those 4 main shears at Beta Hunt...Mark Selby also stated that they believed there were millions of tons of high grade ore in those shears ...Krr can't hide this forever...

[materialsgirl]

Thank you Farquar for sharing your extensive musings hey, sone large outfit could gobble them all up in a few steps mat

[goldstd69]

gobble gobble...the miners are getting gobbled up...SKE got and investor today...are KRR and IAU next??