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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Comment by riverrowon Feb 06, 2018 3:37pm

167 Views

Post# 27513559

RE:RE:K92 reports plant feed grade of 40 g/t Au

Ok, I'll try to do the math. I'm sure I'm wrong somehow. I'll say the breakeven is 10 g/ton Au and they're putting through 1000 tons per day. So when they processed 40 g/ton they were making pure profit on about 30 g or almost 2 ounces per ton, and roughly $3000 CAD per ton. At a 1000 tons per day that would be about $3 million PROFIT a day for several days. Based on market reaction, I'm clearly wrong. GLTA.

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