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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

Comment by ITSTHELAWon Mar 02, 2021 3:32pm
154 Views
Post# 32697309

RE:RE:Real Yields

RE:RE:Real YieldsMerlin, I will answer your question of what attracted me because personally I think you should stick to crossword puzzles and scrabble. When I invested in this stock in early 2017 when gold was around 1,200 and avg 10 yr yield was 2+%., Barrick had invested 140mil in this project so I figured the book value at the time was about $1.00 a share. Ross Beatty had invested and management (Tookie running things top level) had a proven record. They built companies up and sold them at substantial profits. There was and still  is geo-political risks. The risk/reward seemed a little high (as they were still an exploration company and not producing gold). But PNG was resource rich and had multinational mining companies in production. When gold was discovered, investors thought the veins were too narrow, and as the story evolved there was gold there and abundant. But unlike you, who posts "Gold price is the only thing that counts for KNT" or If I know gold is going to 1,200 and interest rates to 5% (If we all knew that we would be RICH LOL), I invest in cash flow, low aisc, increasing production and and amazing drilling potential which adds value to this company every day (which management projected from the begining) You might want to look the word "value" up in your best friend "a dictionary" . The best is they haven't even scratched the porphyry potential which is one of the reasons Barrick purchased this asset in the first place. But please keep updating us on what gold is doing early in the morning and what the KNT sp should do each day as I base my investing decisions on your worldly wisdom! By the way, the ride has been volitie but I am up in the six digits (even at this sp) on this stock!
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