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Bullboard - Stock Discussion Forum 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... see more

TSX:KNT - Post Discussion

K92 Mining Inc > 10 million ozs
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Post by ITSTHELAW on Jan 26, 2021 5:21am

10 million ozs

15mil ozs and counting, who knows how large this is going to be! And the porphyry potential isn't even priced in yet. This deposit is going to be HUGE, TIER ONE! I agree with merlin991, this is definetly a takeover target. My guess is the blue lake results are positive and they want more drilling to substantiate the initial findings. This story just keeps getting better!
Comment by Severn on Jan 26, 2021 9:24am
This is going to be huge...in the land of millions of oz. The timing of this company,couldn't be more perfect! From start till present, this has been impressive.Even to pay the 12.5 million instead of 60 million in royalties to Barrick.What foresight. Having a great relationship with Barrick as JL stated, I see them as the frontrunners for a takeover if they are willing to work with PNG. In ...more  
Comment by BlindBoy on Jan 26, 2021 11:01am
Yeah, that was an absolutely huge bonus for K92, when Barrick agreed to accept $12.5 million instead of future payments totalling $60 million, as it came at a crucial time for K92, which was still early in it's mining operation buildup, and had (at that time) just undergone a phase of substantial share selling by their primary financier (Cartesian), as well as obligatory payments by K92 to ...more