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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

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

Post by MaterialsManon Apr 02, 2023 4:58pm
257 Views
Post# 35374958

A little comparison shopping

A little comparison shoppingTrying to figure out why KRR is not selling at a higher multiple. So, thought I'd try to find a similar operation to see how their share price is doing.
K92 sort of fit the bill.
They have similar production numbers, ambitious plans, and other similarities. They do have about 60mm more shares out. 
K92's market cap is well over twice that of KRR's. The extra shares do not account for the disparity.
I do not believe they are in a better jurisdiction. After looking at both recently published M&A's, I personally think that Karora has better prospects. Someone that owns K92 would probably see it differently.
All in all, I would conclude that either K92 is overpriced or KRR is underpriced. 
Anybody know the K92 operation well enough to determine whether it is worth twice as much as KRR?
Or, if Karora should have half the value of K92?

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