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 Y93H1979on Nov 24, 2020 10:49pm

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Post# 31967316

RE:RE:RE:RE:new report on K92 just released by Taylor Dart

I don't personally like the method of valuing a company based on ozs in the ground. Not all ozs are created equal. You can't compare bulk tonnage open pit ozs to high grade underground ozs. K92's gold is cheap to mine and recover. Very cheap. It's all about profit.

If you want to play the optionality game, go ahead, but you will be held hostage by the price of gold. If you are into optionality though, that's when this valuation method becomes useful. From my experience playing the optionality game though, be careful. Those companies with hard to mine/recover ozs, that gold will STILL be hard to mine/recover even if the price of gold goes through the roof. If you do chose to dabble in those companies, make sure they have a lot of cash in reserve (rarely the case!), otherwise, they will be mining the shareholders!

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