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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 23, 2022 9:32am
187 Views
Post# 34537206

Comparing Beta Hunt nickel to Dumont nickel

Comparing Beta Hunt nickel to Dumont nickelSo, right now Krr's nickel resource is about 2.9% nickel per tonne and Dumont's resource is about .28% nickel per tonne... Anything over 2% is considered high grade nickel... So, 2.9% is outstanding and extremely profitable..........Krr just bought 2 new 60 ton trucks...I will compare one 60 ton truck load of 2.9% nickel with one 60 ton truck load of .28% nickel ....... So , 60 tonnes of 2.9% nickel ore translates into 1740 kgs of nickel (gross) and 60 tonnes of .28% nickel ore = 168 kgs of nickel (gross)...Right now the price of nickel is approx. 32,000$US ...or 32$/kg ............So 1740 kg x 32$ = $ 55,680.00 US ........168 kg x 32$ = $ 5376.00 US.......So one 60t truck load of Krr ore = $55,680 US vs one 60t dumont truck load = $5376 US. ....It would take Dumont 10.35 truck loads to equal Krr's one truck load of gross revenue... This is why , Dumont is not bought out yet, because the grade is too low...I am not saying Dumont won't be bought out , but I doubt it will be sold for the asking price of 1 billion $ CDN...In any event, with these sky-rocketing nickel prices happening right now, we should see a buyer for Dumont step up and purchase it.. If not now, when? If no buyer is found at these nickel prices, then maybe the asking price is going to have to drop significantly to attract a buyer...But, getting back to nickel grades , the latest nickel drill results of 10.9 metres of 3.8% nickel is outrageously profitable, not to mention that historical drill result of around 10 metres of 11.9% nickel , one km south of 50c...The higher the grade, the lower the AISC cost and the higher the profitability...As mentioned earlier, it would take 10.35 60t truck loads of Dumont to match just one 60t truck load of Krr's 2.9% grade....Grade is king....
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