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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

Comment by MikeyD1on Aug 07, 2020 6:17pm
261 Views
Post# 31381355

RE:A question for the board, what is KNT worth @

RE:A question for the board, what is KNT worth @At $3000 gold, $35 per share is possible but think a few things would need to happen first: (1) no mining license renewal overhang (hopefully gets resolved by Q2/Q3 2021); (2) resources are closer to the 10M range (currently at 5.2M but have 6 drills turning with 10 drills turning by end of Q4 2020); (3) continued execution with a few quarters of 75koz+ production after Phase 3 is implemented; and (4) gold would need to build a floor of $3000 for at least a few months during this timeframe.  Based on their resource paradigm, they seem to believe they have 2 other targets with 10Moz potential and mutliple targets with 1Moz+ potential which would put $35 in the rearview mirror if realized in an ecomomical way (which I think would be pretty hard not to do at $3000 gold).  Think we are really looking at a 3-5 year timeframe and anticipate it will be a bumpy ride.  
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