K92 Mining Inc T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

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.

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K92 Mining Inc

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Post by panda14on Feb 02, 2018 6:31pm

185 Views

Post# 27494193

Looks very profitable Millions

At a planned milling rate of 25 tons per hour 12 hours equals 300 tons
And at 25 tons per equals 600 tons per day
Therefore ballpark 600 times 40 g/ton /31 g oz=1.29 oz times say 1200 dollars per oz =
600*1.29*1200= $928,800 per day for several days
300 reduced to say 200
200*82/31 times 1200=$634,838 for 12 hours

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