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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 Aug 07, 2020 6:17pm
270 Views
Post# 31381355

RE:A question for the board, what is KNT worth @

RE:A question for the board, what is KNT worth @At $3000 gold, $35 per share is possible but think a few things would need to happen first: (1) no mining license renewal overhang (hopefully gets resolved by Q2/Q3 2021); (2) resources are closer to the 10M range (currently at 5.2M but have 6 drills turning with 10 drills turning by end of Q4 2020); (3) continued execution with a few quarters of 75koz+ production after Phase 3 is implemented; and (4) gold would need to build a floor of $3000 for at least a few months during this timeframe.  Based on their resource paradigm, they seem to believe they have 2 other targets with 10Moz potential and mutliple targets with 1Moz+ potential which would put $35 in the rearview mirror if realized in an ecomomical way (which I think would be pretty hard not to do at $3000 gold).  Think we are really looking at a 3-5 year timeframe and anticipate it will be a bumpy ride.  
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