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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

Post by ITSTHELAWon Feb 17, 2021 3:38pm
213 Views
Post# 32587240

Unbelievable buying opportunity imo

Unbelievable buying opportunity imo$8.00+ valuation based on $1500 gold per the pea last April. AISC costs for casted at around $800. Expansion fully funded by cash flow. 13 porphyry targets (which was one of the  the main reasons Barrick purchased the property) haven't even been scratched yet, unlimited exploration potential! This probably a $12 stock right now. Upcoming production/drilling results will only add to the value. Even if gold doesn't hold up (and the way governments are printing money, one has to believe inflation is around the corner) I have to believe this company is very high up  (for a company that wants to lower their production costs) on the takeover wish list. If Blue Lake or the next porphyry hits, watch out this really could be the next Kirkland lake! JMO!
OH, and even though I occasionally express concerns about things like the late signing of the MOA or late blue lake results (which management indicated would be signed/updated in q4/20) I know I shouldn't be in a (now) mid tier risky stock like this! LOL! GLTA! 
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