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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Bullboard Posts
Comment by grammaduxon Aug 29, 2017 10:23am
123 Views
Post# 26631962

RE:Q2

RE:Q2Regardless of financials, I expect we get an update on Friday or Monday regarding the landowner protests as all the relevant officials are currently on site to negotiate (Mining minister etc.) with an large mediation meeting on Friday.

So this could be resolved rather soon, as for damage the news states that there were two vehicles burnt, a grader and one stand-by generator. (as per png article). So the demage should be not too bad, another question if KNT can recover demages from insurance. 


"Disgruntled landowners went on a rampage last Thursday burning two trucks, a grader and standby generator, according to police."

Overall those who bought at 50, are now sitting at an almost 20% gain, not too bad for a like 4 trading days.
Bullboard Posts