RE:RE:RE:RE:RE:K92 is fairly valuedthat is right, they will have 10 drill rigs running during those 2 years with a continuous stream of high grade news increasing reserves, updated pea increasing npv to well over $2 billion.
new veins being drilled
upgrade from venture exchange to main tsx, addition to new index
upgrade from gdxj to gdx will have many more shares being bought
if they hit the high grade porphyry core, all bets are off, many more oz added to reserves and another pea for porphyry.
anybody making a casual assumption of k92 staying flat for 2 years with nothing happening should not bet their life on it. just the anticipation of production expansion raises the share price a year before it actually happens because the market is forward looking. the share price of new mines being built is priced in long before the mine is actually completed.
themason wrote: Oh, i forgot to add that it's not just about what they produce but also about what they find and add to there resourses that gives them greater value.