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.