OTCPK:KRCLF - Post by User
Post by
Farquaron Mar 24, 2021 12:40pm
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Post# 32866928
What is the going rate per ounce of gold?
What is the going rate per ounce of gold?Last year , KRR spent 15 million$ on drilling which resulted in a very big increase in measured and indicated gold reserves , as well as a big increase in probable. So, let's say that 15 million added about 150 million $ of value ( or whatever the amount is) to this company in terms of increasing their gold in the ground. So, this year, they are spending 20 million$, how much more gold will be added to their reserves? And what is the going rate , per ounce for determining gold reserves? If the rate is 100$ US /ounce per ounce in the ground, then if Krr finds another 1 million ounces on their properties, then you can add another 100 million $US to the value of their gold in the ground...They have probably millions of yet undiscovered gold on their massive land package....Just this alone will increase the market cap over time to much higher levels...