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.

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King River Resources Ltd > Here's a challenge

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Comment by MaterialsManon May 08, 2024 5:45pm

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Post# 36029854

RE:RE:Here's a challenge

Ami,
Thanks for the tip.
Now, for the sake of argument, I'll use Russian currency as an example.
All I need is a calculator to figure out that approximately 92 rupels to a dollar multiplied by the price of gold at the NY close comes out to about 211,000 ruples. All well and good.
But first off, the U.S. has sanctioned Russia so how can we know what they buy and sell gold for.
I doubt it's based on the London Fix and bought in Switzerland.
Just food for thought. I have a little trouble accepting numbers the government throws around.
A perfect example is inflation rates. I can tell immediatly if a talking head does the grocery shopping.

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