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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 tuesdaynightridon Jan 04, 2024 7:46am
158 Views
Post# 35810072

RE:RE:RE:KNT January 2024 Catalysts

RE:RE:RE:KNT January 2024 Catalysts

I did want to follow up on my one caveat to the last post (ie unplanned shutdowns).

is anyone else concerned that knt is running their processing equipment well above
the stage 2a design??

Their specific comment was that for 3rd quarter they averaged 1317tpd. 

Then they mention 3 days in October of 4th quarter (Oct 6,8,10) where they're running
at 1902,1921,2027 which averages 1950.. that's 48% above the 1317 tpd 3rd q baseline.

Part of you wants to say fantastic and part of you wants to say equipment failure.
i have no doubt that knt has multiple parts backup for bushings, bearings, filters, etc, etc
but I would also expect them to report downtime after the fact when you push equipment
this hard. That said, if you can run 48% above design then you can stand some downtime
but also expect higher cost to run the process plant.

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