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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Post by deepthinker63on Mar 04, 2021 11:03am

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Post# 32714841

Rotation out of BTC?

So, after 450% gains, while gold down 11%, I would expect a bit of a leveling trade. Gold and BTC serve the same purpose asset-wise, so an arbitrage makes sense. BTC is also promoted as money, although it's only a matter of time before gold backed crypto's become popular, so that advantage should diminish over time. If stable coins, why not gold coins?

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