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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

Post by tuesdaynightridon Nov 13, 2023 2:06pm
217 Views
Post# 35732476

Third Quarter Earnings Call- Stage 3 & 4 Expansion Funding

Third Quarter Earnings Call- Stage 3 & 4 Expansion FundingI will not be available for tomorrow's call/Q&A and will have to read the transcript.

It would be helpful if an analyst were to ask some questions regarding current stage 3&4 funding such as:

1.) How much has been spent toward Stage 3 &4.so far (or how much more is still needed). Note: KNT states per 8/25/2023 that they have $96M in cash on hand.
2.) then, as importantly in 2024, does KNT see the need to increase the cash build up or will they be able to fund from quarterly cash flow??

This is critical for earning growth... ie how much 2024 funding can be expensed from existing cash or whether net quarterly income is diverted
toward expansion  
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