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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 merlin991on May 20, 2021 3:04pm
186 Views
Post# 33241710

RE:price

RE:priceJools I totally agree. 

With gold heading to 1900 and beyond likely within a couple of weeks and adjoining information releases concering updated resource etc., K92 is ready to launch.

The daily trade volumes are escalating indicating the immediate interest in this stock.. With gold above 2k, a 10moz resource and a new plan for substantial growth within 2 years I would estimate this is a $6b takeover target. You can do the arithmetic.

I also believe they will be taking over a junior within the year to improve optics and be multi-jursisdictional. 

I would resist any temptation to time, interim profit taking. It will be regretted swiftly. I know individuals who thought so and had to buy back in at higher prices. I also was guilty of this around a year ago but fortunately held on even after a small stumble.

This is not a stock that anyone should be selling if they have more than a few weeks investment strategy.    

This current environment is a once in a lifetime situation. Currency debasement creates extreme shiite. We are back in the 70's.
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