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Bullboard - Stock Discussion Forum 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... see more

TSX:KRR - Post Discussion

Karora Resources Inc > Canada’s junior miners are loving the price spike
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Post by horace5 on Mar 18, 2022 3:36pm

Canada’s junior miners are loving the price spike

“Record nickel prices could jumpstart a half-dozen projects in Canada”


“‘The last couple days, you almost have to set them aside,’ said Martin Turenne, chief executive of FPX Nickel Corp., which is developing a nickel project in central British Columbia. ‘It’s a very particular short squeeze that’s being just incredibly messy, but you know the nickel price will settle back down to a more normal range when these winds have passed.’


Still, Turenne said the dramatic trading day in London was only the latest sign that the nickel market is rapidly heating up as automakers look to establish battery supply chains. That adds a major source of new demand to a metal that is still primarily used to make stainless steel.

‘Two or three years ago, nickel was still a four-letter word,’ said Turenne. ‘It had a pretty grim track record and it’d been oversupplied over the past years.’”

“But in the first months of 2020, Turenne said his phone suddenly started ringing, as diversified mining companies turned bullish on nickel. Soon, automakers and battery makers were getting in touch to inquire about FPX Nickel’s project.”


“Like a car rolling down hill”: Canada’s junior miners loving price spike


https://financialpost.com/commodities/mining/like-a-car-rolling-down-a-hill-canadas-junior-nickel-miners-loving-price-spike
 

 
Comment by materialsgirl on Mar 19, 2022 10:38am
Price spikes do not help junior miners. The exception would occur if a junior  raised a huge capital amount in the  small window of the peak. Serious investors do not respond to  "steeple" type short spikes. In the case of nickel we have two forces in play; ** a steeple like spike brough about solely by a disorderly market    Chaos reigns  ** a general ...more  
Comment by horace5 on Mar 19, 2022 1:01pm
You seem to feel the Financial Post was remiss in its titling (and premise) - “‘Like a car rolling down a hill’: Canada’s junior nickel miners loving a price spike - Record nickel prices could jumpstart a half-dozen mining projects in Canada Did you read the article I referenced? You seem to be reading “spike” as “temporary spike” or aberrational rise, but that is a mistake on your part. You ...more  
Comment by materialsgirl on Mar 19, 2022 6:17pm
The theme of this article is rational and reasonable. Continuous high prices and the expectation that high  prices will last does create a circumstance where new  mines will open. Small fry do not proceed normally.  When a mine needs  a billion dollars to open then the way forward is via a takever. The birth of KRR came about because the Quebec fabulous  property could ...more  
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