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 > Out of interest

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Post by NineLiveson Oct 10, 2022 3:21pm

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Post# 35016004

Out of interest

India buying 200 tons of Gold, China buying, Turkey/Turks buying. Cheapest I could find a 1 Oz bar of Gold in the US was $1,760 usd yet futures down today to $1,675. Paper and physical divergence spread getting wider. Something has to give. Certainly see physical prices rising question is will the CME just issue more paper against the reserves held by members.

On the note what's to stop a Gold producer like KRR getting into the retail business. Especially selling coarse gold ?
Wonder if it would also be worthwhile setting up a refining process to produce pure Gold for sale obviously to meet LBMA refining standards. Just curious.

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