OTCPK:KRCLF - Post by User
Post by
Farquaron Jun 22, 2023 6:54pm
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Post# 35510266
End of Q4 , Krr has 2.8 mil. tons of mill capacity
End of Q4 , Krr has 2.8 mil. tons of mill capacity The push to get Lakewood up to 1.2 million tons capacity is very good news, because it means that they foresee needing all milling capacity available to them....
If krr processes the full 2.8 million tons of ore potential in 2024 we are talking 2.8 mil x 2.5 g/t x 94% recovery = 212,258 gold ounces produced in 2024..
If krr processes the full 2.8 million tons x 3.0 g/t x 94% recovery = 254,710 gold ounces produced in 2024
At 3.5 g/t it's 2.8 mil x 3.5 g/t x 94% recovery = 297,161 gold ounces produced..
So if Krr can get the grade up to 3.5g/t , they become basically a 300,000 ounce producer...
Imagine the gold price at 2100$/ounce average in 2024 and their AISC is 1100$ and they process 2.5g/t ore, we are talking about a gross profit of 212,258,000.00 $US or 279,166,000.00 $cdn
At 3.0g/t the gross profit would be around 254,710,000.00 US$ or 335,000,000.00 $cdn..
Just a matter of time before these production numbers become reality.. .