K92 Mining Inc KNTNF

Minor Updates per 2024 PNG Investment Week (Dec 6-12)

[tuesdaynightrid]

Lewins provided this update held in Sydney Australia.
A couple of minor revisions and/or updates:

1.) Looks like stage 3 commisioning now 2nd half 2025 from 2nd q
2.) Stage 3 at 303k eq oz AU... i last recalled it at 290k
3.) Stage 4 at 414k eq oz AU... i recalled it last at 480k or so
4.) Lewins mentions a Stage 5 w/o further comment
5.) AISC for 2024 now at $1400; for 2025 at $1103
6.) He stated that no dividends have ever been paid out
to shareholders. Instead their focus has been on reinvesting all
income back into expansion activities w/o further elaboration
* I listened to to his comment on 6.) twice. Since he referred to
dividends in the past tense, one could speculate whether he meant
that this would be their policy going forward or whether a dividend
announcement later could be a catalyst to send the price higher

[4CommonSense]

Rather than diviends it would be wiser to use the money to deduce debt given the global inflatonary cycle: best keep the 'powder"  dry and in reserve. The 'pay day' will be an annual increase in the share price and a potential sale of the company (likely in 2025). The 4th Q 2024 update will be interesting and should support the prospect of future financial growth.   

[Speedyg5344]

Thanks for the post. Was there any more colour on the reason for the stage 3 commissioning delay and the new timing beyond 2nd half.

[Speedyg5344]

https://www.youtube.com/watch?v=spHQPQEc95o 

[tuesdaynightrid]

There was no comment from Lewins on stage 3 delay to 2nd half

[Bjornsjodin82]

In the clip from youtube its. Second half q2 not second half 2025. And The target is still better then second half q2. 

[tuesdaynightrid]

Thanks for the correction if I mis- read it. As I recall, the info I took was from the script of his PowerPoint presentation that day.

[Bjornsjodin82]

Your wellcome. 10 minutes in is the Powerpoint were it stands late 2q 2025 for the commisioning . I think we will hear about stage 5 sometime this year. After Maiden resource for arakompa is out. Johns guess of 2-3 years for arakompa to come on to production sounds great.