RE:RE:KNT January 2024 Catalysts A fair point to question my arguement that "it looks fairly certain to me that knt will hit 40k AU eq oz for 4th q 2024". You correctly point out that they have revised their 2023 projections from 120-140k
to 111-116k. Given they have produced 78.5 AU eq oz for 3q in 2023, 40k would mean that knt would have to exceed their revised 116k limit by 2.5k... and I say that 40k will be a minimum. Why?
1.) They have have had disappointing or less than expected results thru at least 2 of the 3 quarters in 2023. I say they know they will purposely exceed the revised 116k upper limit to show they can surprise to the upside easily as the downside... good PR... it's what I would do.
2.) They have already shown an ability twice in preceeding years to hit 35k AU eq oz in a quarter
... the last time was 4th q 2022.
3.) My best arguement though is per the cut and paste below.... but before you read that, recall that
knt has also said they are purposely targeting higher grade material for processing in 4th q.
As you read the last sentence of 1317 tpd for 3rd q, compare that to the new daily 4th q records from October 6,8 &10.
* My only caveat is that they report an unplanned shutdown after the fact as occurred q3
- Multiple processing throughput records set in Q3, including a new monthly record in September averaging 1,542 tonnes per day (“tpd”) and a new daily record on September 28 of 1,867 tpd(3), representing rates that are 13% and 36% above the Stage 2A Expansion annual average run-rate of 1,370 tpd, respectively. Subsequent to quarter end, several new daily records of 1,902, 1,921 and 2,027 tonnes processed(3) were achieved on October 6, 8 and 10, respectively (see Fig 2). Quarterly ore processed was 121,201 tonnes or an average of 1,317 tpd.
The good news is that we'll both know the answer in the next 10 days or so.