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 MikeyD1on Jul 20, 2020 2:44pm

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Post# 31291787

RE:RE:RE:RE:Next Catalyst?

For phase 2, they are expecting 140koz per year for the first few years. Based on guidance, that should start happening Q4. My guess is that is conservative given grade reconciliation has been really good. Could we start seeing 40k GEOs per quarter? Looks that way.

As for other catalysts, the upcoming PEA, continued drill results (6 rigs currently turning, 9 by q4, 10 by year end) and the upcoming earnings report.

That said, I'm concerned with the market reaction when Company announces the terms of final MOA (don't know how I really feel about this yet) and negative PNG news generally.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages