K92 Mining Inc. T.KNT

Good post from Slusarchuk

[ITSTHELAW]

From Slusarchuk on ceo.ca/knt

@bslusarchuk @fl @goldfinger $knt bought our asset from $abx when they were going through their divestiture mandate (i.e. $abx had USD $13 billion in debt and said they would divest non core assets etc). K92's recent PEA contemplates 145k oz / year next year..........great for a small company but not a "Barrick type" operation. However, there will be a third phase (phase one was to get cash flow positive/50k oz per annum which has been accomplished, phase two is to move to 145k / annum) and most people don't realize that if K92 has 5-6 million ounces at Kora alone (high grade) by the end of 2019, as is the goal, that the company will then study a 1m-1.5 Mt per annum operation which will equate to somewhere around 400k ounces per year of high margin production. Every major would like that, especially when there are some of the top porphyry targets on the planet within our license areas.