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 > Mr. Junk is going to negotiate a new contract with BHP

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Comment by Farquaron Apr 16, 2023 12:18pm

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Post# 35397326

RE:RE:RE:Mr. Junk is going to negotiate a new contract with BHP

Well, the contract will be based on percentages and toll fees.

Karora will be paid the spot price of nickel after the recovery process, minus the toll fees , minus a percentage of the sale price etc.etc

So if Krr provides 200,000 tonnes of 3% nickel ore which comes to a gross amount of 6000 tonnes of nickel , the recovery might be only 5000 tonnes, so they will be paid according to the finished product and they will not get the full spot price as BHP has to make their cut on all this too...

But I assure you, Krr will make huge money if they can provide a large amount of nickel ore to BHP..

The bigger amount that krr can provide the bigger the cut will be for Krr..

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