RE:RE:The next month is I have stated previously, and still maintain my position that I do not want to see a takeover based on the current mining scenario at Kora, Judd, and the rest of their nearby epithermals. The epithermal mining can easily achieve much higher prices and profits for the company, if the current pattern of positive drilling results continues. These current prices might well seem inexpensive down the road, just based on this mining operation.
I agree that Blue Lake is a wild card. But if they hit on Blue Lake, it opens the door to the big boys wanting in, because they have 10 porphyry targets listed on Kainantu, two of which have seen some drilling, or are in the process of drilling, and one which has undergone surface sampling.
Let's keep in mind that the porphyries were the principal reason that Barrick picked up Kainantu in the first place. So if Blue Lake hits, the majors are very likely going to want to get a piece of the action. (The only reason Barrick dispensed of Kainantu was because they were in a financial bind at the time, and dispensed of their non-core assets).
Pophyries can contain absolutely huge resources, but can also be very expensive to develop. So, if this scenario came to pass, I'd like to see a stock dividend (for the shareholders) by K92, spinning out a new company for the porphyries, and joint venturing that spinoff with a major.
At the same time, the original K92 would continue mining and making profits.