OTCPK:KRCLF - Post by User
Post by
Farquaron Nov 30, 2021 7:00pm
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Post# 34182730
Average gold price november = $1818
Average gold price november = $1818So after 22 trading days this month, the average closing price was approximately 1818$/ounce........The average gold price in October was $1776...So the average gold price went up about 2.5% from October to November.. Krr is still making very strong profits at 1818$/ounce...This year was a year for Karora to build a very strong foundation for future growth and future profitability..They will have spent 70 million $ on infrastructure, equipment and earthworks this year plus 20 million $ on exploration.. They also will be finished paying off the Maverix royalty buyback ( 2.5 million US$ january 2021) as well as 2 installments of the Morgan Stanley royalty buybacks 2 x 1.26 million$US..( 5 payments of 1.26 million $US over a 2 1/2 year span , one payment every 6 months) ..In 2022 they will have 2 payments for the Morgan Stanley royalties and it will be all paid off...So 2022, will see another 90 million$ cdn invested to upgrade the mill and build ramp #2 + 20 million $ on exploration... So, krr is doing the right thing by re-investing all those profits back into the company as opposed to just letting the money sit in the bank , collecting very little interest.. If they chose to just sit on the profits, and did no royalty buybacks or no infrastructure spending, no drilling, they would probably have close to 250 million$ cdn in the bank by now...but all that re-investment is going to pay rich dividends to Krr investors in the coming months and years ( Already millions of $ are being saved from not having to pay all those royalties).All that spending with very limited dilution compared to most junior gold companies is tough but patience will be rewarded.