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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by Farquaron Mar 24, 2021 12:40pm
264 Views
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...
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