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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

Metals & Mining Gold
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

King River Resources Ltd
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Post by Farquaron Jan 03, 2024 10:54am
271 Views
Post# 35808683

Q4 /2023 average gold was approx 1978$US/ounce

Q4 /2023 average gold was approx 1978$US/ounceKRR sold their Q3 gold at about 1931$ US/ounce... So, generally speaking they should have sold their Q4 gold production at a higher price than 1931$..

The months of October and November average gold price was 1950$/ ounce and December gold average was a whopping 2037$.. So in theory 2/3's of their Q4 production was sold at about 1950$/ounce and 1/3rd at 2037$/ounce..

Well, we'll soon find out their Q4 production and sales sometime in a couple of weeks.. We should see some strong numbers and some strong cash buildups..

2024 should be a great year for KRR..( If gold stays in this range or goes higher).
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