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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 MikeyD1on Jun 18, 2020 2:40pm
127 Views
Post# 31166085

RE:IamGold

RE:IamGoldSeems like there will be pressure on the stock until the MOA gets signed and the license gets renewed in a few years. The market is afraid that the PNG government will nationalize the mine and reject the renewal in 2024 which is when KNT really starts making money according to the Phase 3 timeline.  Also, taxes will certainly increase even if the license is renewed based on changes to the mining laws etc...  How much? I'm not sure. Would welcome some thoughts on this.  That said, I'm really optimistic long term but think there's better trades in the short term even with the PEA coming (which the Company has already provided guidance around). They will be doing a lot of drilling in 2H so the drill bit could be a big catalyst especially if the SW portion of Kora is high grade (diagrams seem to suggest it might be) and they start getting some real hits at Blue Lake. Btw I'm long KNT 36k shares so obviously a believer.
Bullboard Posts