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K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.


TSX:KNT - Post by User

Bullboard Posts
Post by ITSTHELAWon Oct 08, 2017 3:32pm
272 Views
Post# 26790956

2000 tonne sample could be advanced Cash!

2000 tonne sample could be advanced Cash!I missed the following statement in the Oct. 4 press release
"It is anticipated that this material will be treated through the process plant next week generating important information on metallurgical performance and providing a bulk concentrate for evaluation by potential offtakers."

Offtakers means:
"
An offtake agreement is an agreement between a producer of a resource and a buyer of a resource to purchase or sell portions of the producer's future production."

So the sample may contain gold, silver and copper, be indicative of the resources in the proximity of the Kora vein system and generate cash now from future production from offtakers. This could be huge. 

Also, they must have some feel that the 1000 tonnes already mined is good or they would not have issued a press release. I take back my previous post that there was nothing new in the Oct.4 press release. 
Bullboard Posts