King River Resources Ltd T.KRR.W

The next 4 months = Lots of free cash flow

[Farquar]

So, we are now down to the final stretch for the 2021 fiscal year. If krr can maintain a net grade of 2.6 g/t and if gold averages 1900$ for Sept, Oct, Nov and Dec.and if AISC is 950$ , then KRR will generate about $53 million cdn in cash flow from sept 1st till the end of December. ( 44,731 ounces X 950$ = $ 42,494,623.00 US or about $53 million cdn) Right now they probably have $90 million cdn in the bank ( I believe they were at $82 million at the beginning of July). If most capex for 2021 has already been spent in the first 8 months of the year, which I believe is the case then alot of this cash flow is going straight into the bank account. There's alot of gravy coming our way.Let's be optimistic and say that $35 million cdn cash profits will be generated in the last 4 months and let's assume that Dumont is sold and Krr gets the full 40 million$, we are talking 75 million$ + 90 million$ = $165 million in the bank come December 31st...Of course , they have that old loan of 30 million$ but I believe that they are going to use the new line of credit with the lower interest payments to pay it off and so, they probably won't dip into their own bank account to pay it off...In January, they will start mining Larkin which is looking like a 4 to 6 g/t deposit, so the net profits are going to continue at a torrid pace come 2022 and beyond...Bottom line is Karora is making lots of money and there is no substitute for making lots of profits, so I believe the market is going to reward the krr share price handsomely in the coming months...