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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 tmg1441on Nov 29, 2019 10:36am
175 Views
Post# 30405400

RE:This one is a keeper.

RE:This one is a keeper.While I tarted buying in the sub $1 market you did not get in late. If you buy at $2 (US) and sell at $6 (US) and triple your money in 2--3 yrs you did great. How would you have done putting your money in the bank for the next 2 years?

The full question is IF K92 is what everyone thinks it is and the government does not get greedy. To this question, only time will tell.

My personal beliefs are gold will be over $2,000 (US) sometime within the next two years which will give this stock (or any gold stock) an extra push, to cancel some possible disappointments from K92. 

People ask why a "pessimist" like me continues to hold K92, the answer is simple. While I am not a beliver in a $10---$20 US price in the next two years, I do see a reasonable chance for a $6.50 US in the next two years, that 4x my investment, most in a tax free self directed Roth. Sure sounds better than buying a government bond at 3% or putting into a savings account at 2%.

Like I have said before, I would love to be wrong and see this stock go to $10 or even $15 US. Nothing wrong with 8X your money over a three year period. Being wrong could feel so great.
 
Bullboard Posts