King River Resources Ltd T.KRR.W

KRR's Q2 numbers should be around 40,000 ounces produced

[Farquar]

If they maintained that 40 k mark and maintaind the 1150$ AISC level ..The news will be solid especially since the average price of gold for Q2 was an all time high for any quarter in history.. Average price was about 1978$ in Q2..Average price in Q1 was 1890$/ounce , however KRR sold 36,150 ounces in the 1877$ range..All things being equal, Krr should have generated a good 5 or 6 million $ cdn more profit in Q2..

They probably bought more heavy mining equipment in Q2 so their cash situation might come out flat ...

If Huet mentions anything good about vent #3 and anything good about when that 2nd ramp will be 100% operational, the stock will pump pretty good..

Also it seems like Krr is a bit ahead of schedule in terms of starting up their non-remnamt nickel.. If Huet gives some more hints of those new highly profitable nickel deposits starting up production sooner than expected, we could get a new pop in the share price just on that news alone...

Anyways, we are getting closer and closer to the day Krr finally starts processing 2.8 million tons of gold ore and starts really producing serious amounts of nickel..

If gold breaks out to new all-time highs this year and goes on a major bull run , we should see Krr's share price impress a lot of people...