KRR 11.1% 1.0¢ king river resources limited

Study Accuracies, page-112

  1. 289 Posts.
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    I wouldn't predict a price right now, because i don't know what announcements are coming out. More imporantlly market dynamics are very different now.

    Moneymade has a better idea than me what anns are coming out, because i've been following him with his comments and posts in respect to this stock and he's obviously got some intel.

    We know the floor is here or at 10 cents because of the options, then again it wouldn't surprise me if it touched high 8s without any news. In terms of upside, even if the gold is good, you still need the scoping study to really put this into full gear. More importantly you need a solution to the high capex. A good scoping study plus gold, i'd see this at 20 to 30 cents! But by when is the question.

    If the scoping study comes out with a high capex, the stock won't hold for long without a sufficient party at the table to provide the funding. I suspect this is the company's main pain point right now! It isn't putting together a bunch of numbers together for a scoping study that is the issue, it's who will come to the party with pockets that deep for the Capex! More importantly are these new processing methods actually feasible on a large scale? Are they environmentally friendly? Will government approve it?

    Essentially they need to ensure that this stuff can actually be mined, is economical, capex is reasonable, and someone is willing to fund it. Otherwise you're stuck in purgatory.
 
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0.9¢ 1.0¢ 0.9¢ $7.67K 776.8K

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19 5312141 0.9¢
 

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Price($) Vol. No.
1.0¢ 536700 2
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