Post by
Ogopogo007 on Mar 25, 2024 10:34pm
Found another mountain of the stuff - BK transcript
. I just want to show you some of the ore. This is ore from the K92 project, chalcopyrite. I think it’s KNTNF or something like that. Yeah, KNT, it’s in there somewhere. KNTNF. There you go. Now look at it in the last month or so. If you think that gold is going up and if you think the copper is going up, this is a company that’s just going to be... This money is going straight to their bottom line. This is the ore. It is extremely high-grade chalcopyrite, a iron copper sulfide mineral. They’ve got a mountain of this stuff. While I was in Toronto, they were nice enough to tell me about their exploration program, which has just found another mountain of this stuff. In terms of the ability to just mint cash flow out of operations, K92 has a lot of upside. If you think that gold and silver, or if you think that gold and copper are going up, which they are, and which I also believe, this is the kind of company that’s going to benefit from it. The price-earning ratio is a little bit high just because they’re still sort of digging out from some operational issues that were left over from COVID. But I hope you can sort of see here this kind of brassy-looking thing. This isn’t gold as such, but this is a gold-rich chalcopyrite, which is a copper mineral. Like I said, they’ve got mountains of this stuff down there. There’s an idea for you.
Comment by
Chatzkal on Mar 27, 2024 8:40am
i assume many are thinking the follwing: with gold at 2200, the reality is if this stock cant be at $5 (american), something is not "ois khaltan" kosher.. even if mininng has underperformed.