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.

TSX:KNT - Post by User

K92 Mining Inc

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Comment by StockMagicianon Aug 15, 2018 3:01pm

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Post# 28466943

RE:KNT vs ROXG question

Thanks for the responses people.

I waited a bit before making my choice and wound up going with ROXG. Unfortunately I bought in a bit too early at .94, and it is currently only bid .88. However KNT also got beat down, and to an even greater extend, so today I tossed a few stink bids on and my smallest/highest got filled at .68.

I am amazed at how all of the metals stocks are getting dumped today. Some real good deals are being created. There are a lot of 'toss the baby out with the bath water' beat downs going on right now. I'm thinking KNT at this level is one of them. I'm also hoping the beat down continues as I'd really like to have my lower bids filled.

StockMagician wrote: Question for everyone. I want to buy a gold stock and I'm looking at KNT and ROXG.

I looked at them both about a year ago and thought that ROXG had a 6 month head start on KNT, but looking at them again, it feels more like a one year head start. They've hit their target rate for the current deposit, while with KNT, I think they can still double it here, just from what we know about the deposit.

ROXG has about 2.2x the market cap and is projecting about 130,000 ounces of production this year.

KNT looks like it might meet their upper end of guidance at 46,000 ounces of production. Double that (in a year?) while maintaining these grades and increasing the resource size and KNT might be getting up to the same market cap as ROXG. Of course, they have their own plans for ramping production next year as well.

My question is, does anyone own both and do you consider them roughly equal in potential from the current $0.94 and $1.00 per share prices?

I don't know if I should be jumping into the one with the choppy uptrend or the one with lots of 30% upswings that seems to have bottomed at the close today.

Thoughts?

I'm thinking KNT would be the better one year hold, but ROXG might be a better swing trade. Tough call.