King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

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.

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King River Resources Ltd > Mincor 250K nickel 3.5% grade= 550$million market cap

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Post by Farquaron Sep 15, 2021 9:51am

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Post# 33860995

Mincor 250K nickel 3.5% grade= 550$million market cap

What if Krr proves out the equivalent of say half this number, that is 125,000 tonnes of 3.5% nickel? Should not the market give Krr a value of 275$million cdn for it? The answer is yes.. If Krr ends up with a higher grade than 3.5%, should not the market pay a premium for that? The answer is yes...Is the market giving any value to the 50C deposit and/or the 30C deposit? The answer is no....and the reason is, I think the market is waiting to see how big a nickel deposit Karora has on their hands.. Maybe if those 16 drill assays come back showing lots of very high grade nickel, the stock price is going to skyrocket...

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