Keys to success and a Takeover bid 1st Q 2024 Au production - if it holds at ~ 40,000 oz --and ----the recent excellent drilling results are 2 reasons a takeover will occur this year 1) a target of ~ 200,000 oz/year is will be achieved over the next few quarters when stage 3 kicks and 300,000 oz is likey possible over the longer term 2) the new drilling results are also a indication of significantly increasing potential ore reserves and the mine life.
Since shallow drilling was previously completed by a 3rd party and compliments the latest drilling data reported by KNT - a significan increase in reserves is likely. Very good news for the company and shareholders.
This stock of $6+/s is undervalued and s/b at least $8-10 /s. A double on a take over is likely when it happens.