OTCPK:KRCLF - Post by User
Post by
Farquaron Sep 12, 2023 11:21am
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Post# 35631541
Fletcher drill results are very good
Fletcher drill results are very goodWhat could be a game-changer is if the fletcher deposit proves to be a much higher grade than western flanks and A-zone which are sister deposits to fletcher in the Beta Hunt complex...
I am hoping that after all is said and done, fletcher ends up with an average grade closer to 4 g/t and not 3 g/t with close to 1 million ounces total resource.
If Krr can get an input grade of let's say 3.4g/t (after blending with other ores) @ 94% recovery which gives us a net grade of almost 3.2 g/t X 2,800,000 tonnes of gold ore = 288,000 ounces of gold produced...
So, just an increase of a few grams a ton of gold, the production numbers really increase significantly...
With gold at 2000$/ounce and AiSC of 1100$ , we are talking 288k x 900$/ounce = $259,200,000.00 US gross profit ...
With gold at 2500$ , we get a gross profit of $403 million US...
If gold breaks 2100$ and goes much higher, this stock is going to go ballistic. .