Action list buy...even though thre is no new upgrade of resource filed the news has been regarded as very very positive.
The chances of a giant deposit rivalling Grasberg has become much more real. Grasberg is still producing huge amounts of gold and copper even after over 50 years of production.
KNT was very recently assessed by Michael Gray from Agentis as a really great opportunity and has a current realistic price of over $20. I'm pasting an excerpt which indicates how valuable this company is heading towards.
K92 Mining (KNT CN) Initiating Coverage - Valuation Impact of a Transformative Tier 1 Discovery with +18moz AuEq Potential; Exceptional ESG Leadership Technical Thesis We are initiating coverage of K92 Mining (KNT) with a high conviction that its Kora vein field discovery at its cornerstone asset, the Kainantu Au-Cu mine (in PNG), is part of a rare transformative discovery that will lead to a +300kozpaAuEq Tier 1 production profile. The exploration upside to push this profile higher and extend LOM is exceptional in our view – our analysis supports +18mozAuEq system potential. K92’s rapid production growth trajectory is from <100kozpa (2017-2020) toward 318kozpaAuEq (Stage 3 PEA) then 358kozpaAuEq (Agentis base case; 2027- onward). The Kora North transformative discovery has resulted in: i) 2-3x the grades, 2-4x the thickness; ii) mill expansions - 100% since 2017 & we envision another 200%; iii) improved recoveries; and iv) efficient mining practices.