Post by
ITSTHELAW on Feb 27, 2021 10:37am
My take on K92
A PEA based on 5mil (measured, Indicated and inferred) oz's of gold plus whatever silver and copper based the value of KNT at approx. $8.00 cdn based on $1500 gold as at April 2020. Now 11 months later and 10 (maybe 11 now) drills going all out and announcing amazing drill results every month or so. So we must be getting close to 10mil (measured, Indicated and inferred) ozs. Using the exact same metrics as the Apr PEA, that would imply the company is worth $16 cdn giver or take. Now you can look at the worst case scenarios. Say gold goes to $1000 take 33% off the $16 and what you have is a very UNDERVALUED stock trading at $6 and change. Now add in whatever you want for the stage 3 expansion estimated AISC cost projected at $400 usd. Add the porphyry potential, add that 11 drills are going and it won't be long until we achieve 15mil ozs and and and what you have is an extremely undervalued company even in the worst case scenario. So does it really matter if gold capitulated or the ten year increased some, know one knows where gold and the ten year are going. But if you want to be in gold, you want a low cost producer with increasing production and amazing drilling potential. KNT IS THE COMPANY YOU WANT TO BE INVESTED IN! JMO!
Comment by
ITSTHELAW on Feb 27, 2021 10:51am
One last thing as I am sure people are getting sick of my posts (especially when I am enjoying happy hours). Investors are going to look back at the fire sale $6 and change and wished they bought a lot more! Again, JMO!
Comment by
GoldenEra on Feb 28, 2021 4:53pm
This post has been removed in accordance with Community Policy
Comment by
deepthinker63 on Feb 27, 2021 12:36pm
Three words: Papua New Guinea.
Comment by
ErinBrockovich on Feb 28, 2021 10:26pm
Three words. You are short.