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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 stazon Sep 01, 2017 9:46pm
156 Views
Post# 26649813

RE:RE:RE:RE:Mgnt has done it again

RE:RE:RE:RE:Mgnt has done it againThey did give some numbers but  the reader  has to dig them out like k92 digs gold:dispersed and scarse. Lol. In one place there is a  frase saying that from March and up to date ( June 30) the company sold gold concentrate for a total of $2.6M (there was a precise number in the report) . It provides  an approximate idea of gold Oz sold: 2,000-2,500oz. If you even attribute it all to the Q2 that's what you get: 2.5kOz tops. And, yes, they stated in several places of the report and MD&A that the company will need additional money to reach commercial production,  to meet obligations re: current liabilities, etc. Seems,  the next PP will be sooner rather than later. At what price? There are 9M warrants at $0.50 , expiring in November this  year. My guess would be  $0.60 CAD. 
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