Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by standfiron Feb 15, 2020 4:51pm
238 Views
Post# 30695989

RE:Miss on earnings...can be brutal

RE:Miss on earnings...can be brutalGood call, BywrongK, and others.  I bet on a resource update of whichever kind, which would likely improve the valuation math considerably - and yet only a lead-up to what comes later.

That said, it was already clearly said that expenses would have a one-Quarter (Q4 2019) jump, because of a mass of money being put into the incline and ramping up mine throughput.  So I expect AISC to have a blip up in Q4, and then back down to K92's very low cost levels again.  John Lewins seems to be doing everything very thoughtfully, so production will ramp up 2020 no matter what.

Good thing K92 has a load of news to come out, piece by piece - on top of the new resource numbers, PEA and mine plan (possibly), and financials, there will be a lot of drill results coming out, as well as mine upgrade news.  And the price of gold.  K92 hasn't promised very specifically - although broad indications were given - so it might be unlikely to disappoint.  Seems to me, basically any news is a plus.

Any updated resource estimate will only be a part of the work - K92 will be doing lots of drilling - with great cash coming in to pay for that easily - and over the year might bump up resources by multiples.  And up to the bid board, I'd bet on that too, sometime during the year.
Bullboard Posts