OTCPK:KRCLF - Post by User
Post by
Farquaron Mar 15, 2023 2:41pm
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Post# 35340632
Average gold price for Q1 still good at 1873.18$
Average gold price for Q1 still good at 1873.18$Even with the price of gold getting hammered earlier this month, the average gold price for the 53 trading days since January 2/2023 is still very strong..
Krr no doubt is benefitting from this higher gold price.. Krr did very well last quarter Q4/2022 with the average gold price much much lower at 1731.17 $US...
If Krr has managed to keep their AISC under 1100$ , their cash flow will be very impressive..
The share price of Krr of late is not indicative of the financial health of the company. If Krr has continued in their reduced capex spending ( the ramp #2 has been paid for or just about which had been a huge cash drain in 2022) they should see a very robust increase in their cash position after Q1.. We will know soon enough as Q1 is almost completed, just another 2 weeks to go or so....
Again, with gold prices so high, Krr is doing extremely well, the share price is doing terribly but the company is growing in leaps and bounds...Ignore the noise and just focus on the fact Krr is progressing at a very fast pace and they are making money $$$...Time is flying by and Krr will hit various milestones in 2023 and 2024 that should breed confidence in this stock as all their plans come to fruition...On time and mostly on budget...
Huet said that in 2024 , their nickle production should reduce their gold AISC by an amazing 150$US - 250$US when krr will be producing simultaneously 200,000 ounces of gold...Remember we are only 9 months away from the beginning of 2024...I keep maintaining that Krr will have a very successful 2023 and possibly a spectacular 2024...So we just need a bit more patience. .