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 > K92 Up 8% today any news?

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Comment by BlindBoyon May 17, 2021 12:22pm

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Post# 33214389

RE:K92 Up 8% today any news?

No news on K92 so far today, but I'm sure the gold move, plus the easing of the restrictions are part of the rationale.
Regarding gold, both the short term (1 year daily) and the longer term (11 year monthly) charts are sending bullish signals; as are the fundamentals regarding the purchase of physical gold.

That monthly chart is really interesting, since it might be seen as an 11 year cup and handle formation is in the final stage of completing the handle. (Rob Kientz also produced a video segment where he spoke about this).
If so, an upside breakout would suggest a possible move to around $2700 +/- . ( $1896 + ~$900 upon breakout). Imagine what that would do to the $$$ bottom line $$$.