RE:Anyone see any chance of this being bought out by a major?As it stands now KNT is only a possible prospect; acquisition dynamics dictate that you buy for the potential upside (and take a risk of proving it) and pay a fair price for existing proven resource.
While true that company claims possible 10 million oz but that is at laughable 0.6g/t so it is not that attractive. Exiting high grade ore gives them very low cost production but again that is only ~130k oz on a good year.
IMHO; this company is better off expanding high grade production to that 300k + level (as they are doing now) and explore their existing leases for more attractive grade. Majors are always looking but they go for BIG numbers and de risking plays. Right now KNT is not quite there yet; share appreciation is what I’m looking for as a shareholder.
G37