RE:RE:Krr's AISC of 1069$ is a huge, huge dealGoldbug52 wrote: Hi Farquar :-))! Thanks for your many good posts!
Don't know if you've checked Wesdome's earnings report, just released? Loss of .03 cents per share and AISC of $1697 US per oz, lol! What's wrong with this picture, Krr at $3.40/shr and wdo at $8.90/shr? Of course we also produced more gold in the quarter!
If y'all checked a host of other gold miners, almost all have greater AISCs in the third Qtr than Karora, from Agnico at slightly over $1100, to Barrick at $1269 US, to Kinross (also just released) at $1282 US, plus a lot of other well known names up to and over $1500 US/oz!
Absent a large gold price increase tomorrow, I thing Wesdome gets clobbered tomorrow! Some may say that they have a lot of good things coming in their pipeline, well, so does Karora!
We also have that nickel which is really appreciating in price and if you check the Kitco website the stockpiles are depleting and at levels not seen in many years!
Thanks....Yes I did notice that Wesdome's Q3 AISC was just under 1700$US with what ? 22,000 ounces produced for Q3 , they've only produced 75 k of gold in 3 quarters so far, ( their original guidance was for up to 180,000 ounces produced in all of 2022) their cash position is only 24 million $cdn etc.etc and yet the market is still valuing WDO at around 1.2-1 3 billion $cdn...Krr 's market cap is about 584 million$cdn...Krr is undervalued and WDO is overvalued... It's almost like the market is asleep right now...Nobody seems to care about this sector anymore except for the few remaining staunch gold investors like us...The sector is almost dead but I think we could be amongst the very few investors who are at the ground floor just on the precipice of a gargantuous gold bull market move and we are all going to make outrageous profits...This is how new bull markets start.... very quietly....