King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Gold

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

King River Resources Ltd > gold seems to be up by about $20 overnight

<< Previous

Bullboard Posts

Next >>

Comment by materialsgirlon May 05, 2022 8:19am

170 Views

Post# 34657905

RE:RE:gold seems to be up by about $20 overnight

Of course, logically, the price of gold should drop as interest rates rise.

The old story that gold rises when money printing machines are turned on
has been long ago debunked.

Logic is not part of any gold equation.

The price also has nothing to do with production costs.
Miners want to mine and even if gold went to $1,200 the
annual production woud be flat or down 1% maybe.

Rising production has no impact since 99% of the 2022 available
gold was already in vaults as of January 01, 2022.

It is a weird commodity

mat

<< Previous

Bullboard Posts

Next >>

Nintendo stock hits new all-time high as excitement builds over Switch successor