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 > Nerve wracking govt visit

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Comment by cyber37on Feb 16, 2021 12:03pm

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Post# 32573849

RE:RE:RE:Nerve wracking govt visit

I also think this visit is rather positive; and I’m not sure WHY such a slide is share price…..it shouldn’t be because of this visit. However, I would like to see John Lewins more specifically state the impact of the receipt of approval for a community development tax credit scheme on KNT operations. Is KNT contribution of US$285k to local community worth a blow over last few trading days of $480 millions to market cap of this stock!!?
Perhaps market feels that this contribution is just a beginning of future cash drain on the company. Shareholders need some explanation here.
G37

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