King River Resources Ltd T.KRR.W

.30 net profit per share in 4th quarter

[Farquar]

This high profitability that happened in the fourth quarter was certainly helped by them finding that 2500 ounce boulder..This boulder helped raise the overall grade to about 3.2 g/t, which expla v ined the lower AISC... So if they can maintain a .30 / share per quarter - 1.20/share per year pace ..The share price has nowhere to go but significantly higher...If they get a P/E of 10 for the stock , you get $ 12.00 /share !!!! This news release is very historical in that it is showing very clearly what kind of profitability this company is capable of and will be attainable in the future...What kind of profitability are we talking about when Spargos and Larkin etc. are fully online? What will grade at 5.0g/t give us in terms of profitability? Maybe .50 $ per quarter or 2.00 $ per year...PE of 10 x = 20$ per share....If price of gold explodes to 2500$ an ounce, how much profit will they get? The next 12-24 months will be very interesting, to say the least...