An Unpleasent Truth K92 Mining is a true example of a mining operation that is viable and is really going into production in the weeks ahead. This is a high grade long-life mining operation that will be producing for decades into the future with massive blue sky for additional high grade gold. And the real kicker is it has real mining professionals at the helm that have created profits for investors in the past with vast successes in the resource sector.
What does K92 Mining and EQT have in common, they both were provided funding through the Cartesian Hedge Fund.
K92 Mining gold pre-payment deal with Cartesian will consist of repayment of 18,000-20,000 ounces of gold from Irumafimpa during the first 36 months of the mine life.
Cartesian knocked it out of the park with the K92 Mining funding because K92 has a real viable mining operation with millions of ounces of 43-101 compliant gold resources in the ground with which to fund payments back to Cartesian, unlike EQT.
Gotta love the resource sector dynamics when comparing apples to apples. One deal was a grand slam for the hedge fund, while to other was boiled egg. Just goes to show you that even smart financiers can be hoodwinked.