Just watched the latest update on Karora Resources by its corporate manager Oliver Turner. It’s available on you tube via crux investor.
Some important take outs I thought were as follows and let’s remember they are a close neighbour of AWJ.
They have two mills which they are upgrading and expanding
They have plenty of free cash for expansion and acquisitions.
Most of their gold ore is deep.(Ideal for blending with shallow Munda ore )
Karora are looking for higher grade material from different sources.
Well worth a watch is the interview and they are firmly focused on expansion.
He said that small and mid tier gold miners can quickly move upwards by 20 to 30% once they are in production and funds start taking a position.
Good times.
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