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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 Farquaron Jul 05, 2023 3:54pm
219 Views
Post# 35527936

Krr got on average 101$US more per ounce sold in Q2

Krr got on average 101$US more per ounce sold in Q2So krr sold just over 36100 ounces of gold in Q1 at an average price of 1877$US/ounce. They produced almost 40,000 ounces but sold just the 36100..meaning around 3700 ouces were sold in early Q2
The average price of gold in Q2 was 1978$US.. So they probably ptoduced another 40,000 ounces in Q2 and carried over another 3700 ounces for potentially sales of 43,700 in Q2... They probably didn't sell all 43,700 oimces in Q2 but if they did, that's 43700 x 101$ = $4,413,700.00 US higher sales or $5,863,000.00 cdn . This extra money should help Krr show an improved profit..

Krr might finally break out in Q3, if the market perceives that Krr has turned the corner in terms of profitability...
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