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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 Monctonguyon Jul 28, 2020 7:48am
179 Views
Post# 31329133

RE:A few words of caution

RE:A few words of cautionKnt, although not unlike every other stock out there has its dreamers; investors who pray for 10 baggers. If one knows the complete history and trajectory of knt, you would know that it's been a long hard and fought journey to where things are now. This has not been an overnight sensation. There was a quarter of a billion dollars spent on the mine, before K92 became K92 with Barrick having paid 140M for the mine less than a dozen years ago and then spending another 100M on it. But due to the price of gold being way down in 2011, they had to dump it as well as many other less important global assets around the world. Long story short, a few people within the know and close to Barrick recognized the opportunity and structured a deal with Barrick to take over the asset. 8 years or so later after multiple raises, multiple set-backs, etc...they finally found the traction and most imortnatly, the massive gold deposit (that Barrick had betted on) and became a strong revenue producing mid-tier gold mining company. Is it worth the current price? The answer is no, it's worth considerably more than this despite its jurisdiction, despite its earthquake zone, and despite the Papua New Guinainas once upon a time ate the enemy for lunch. Many if not most mines within the world operate from not the best jurisdictions and scary areas where their is constant political turmoil and uncertainty and Natural disasters . K92 being a one asset type company works to their advantage in terms of being a take-over target. Many tier-one companies would see K92 as a perfect opportunity to pick up a proven multi-million dollar ounce mine with amazing revenue. One also has to consider that KNT has eclipsed Kirkland Lake as the most prolific, most profitable mine in the entire WORLD. They now have the lowest all-in sustaining cost per ounce by a long-shot. Beat that ! 
Bullboard Posts