OTCPK:KRCLF - Post by User
Post by
Farquaron Mar 23, 2023 10:10am
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Post# 35355995
Seeing the Big Picture
Seeing the Big PictureKrr is doing very well when compared to it's peers . Look at Fortuna Silver mines (FVI) a 400,000 ounce producer, they announced a loss of 165 million $US ( 225 million $ cdn) in Q4...Fvi is still up 3% today...
Krr is in much better shape having made a profit in Q4...
Yes, the gold business is an extremely difficult one and we see how inflation has wrecked this sector..If anything, when the liars state that inflation is coming right back down to 2%, just look at this sector and remember this industry reflects the true story on inflation which is and continues to be ugly.. Gold needs to be higher than 2000$ for most gold companies to make a profit...