King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

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.

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King River Resources Ltd

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Post by atchoukon Mar 07, 2024 7:06am

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Post# 35919842

Yes, we probably deserve better

but if we have 3M oz od gold, it is not USD 6 billion but only about USD 3 billion because currently we have a profit of about USD 1,000 on each ounce of gold produced (don’t forget about AISC of about 1,000 per ounce). And it will take 15 years to earn these 3 billion (considering 200,000 oz produced per year). But they offer 1 billion US$ here and now. So, the offer with 60%+ premium to the current price is apparently worth to consider. For USD 1.5 billion, I would gladly sell …

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