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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
Post by Correctionoron Dec 29, 2017 11:16pm
250 Views
Post# 27250009

Market Anticipating Announcement of Commercial Production

Market Anticipating Announcement of Commercial ProductionWas the market expecting the announcement of commercial production in 2017? Yes, it was. Management stated it was going to happen “very soon” at the beginning of 2017. I sometimes don’t have much faith in this management team and find them to be dishonest at times with their statements so I don't know “when” or “if” that declaration would actually happen. I don’t believe they are producing the fifty thousand (50,000) ounces they said they were going to be producing by now having an idle plant. Therefore, I sold into such strength. The action was the best in a long time! Perhaps the market was chasing the price before the expected announement.
Bullboard Posts