RE:no analyst coverage on this
Firstly P/E means nothing at this moment since it is building and ramping up both resource and production. What is the most important is the free cash flow. At 1800 gold it has around 1k+ in FCF per oz. It will be at a production rate of 140koz which mean it is yielding $140m. Next year it is likely that FCF is much higher as it's operations build. It is generating plenty of cash for it's expansion for drilling and production. All their drilling indicates a huge resource. It can easily sustain 500koz per annum in a couple of years for a very long life mine. You just don't get gems like this often. The Barrick controversy was it's creation. They had hired a small army of thugs who brutalized as they wanted. Additionally gold was being smuggled out via helicopter and jet to Perth. That is why PNG is demanding back taxes and reparations for the huge environmental damage and the health of locals. The Porgera mine was established when the 'white outsiders' had no respect for host countries and their populations. K92 is becoming a poster child for PNG relations. K92 has a management team which is conducting itself with integrity and fairness. K92 will be a multi billion dollar company. You just have to stay invested and with this explosive gold environment it has a great future.