Post by
merlin991 on Oct 19, 2021 12:00pm
What and why are we buying....
This is a growth story and the premium (I don't think there is any) is for a mining company that now looks like a 400koz in 2 years give or take.
Much of their energy right now is for that expansion. The tunnel developments and the drilling is all preperation for a large mine development which has one of the lowest costs in the business. They need a definitive study and plan which incorporates the resource from the current drilling and the stope development. The DFS will show in detail exactly what is coming for the benefit of both K92 management, us shareholders and the market.
They are sitting pretty with a good cash position. No need for any debt or share issuance.
Show me any comparable company with tier 1 resource and prospects. K92 has only drilled a small portion of their land package and with Judd showing such exceptional results we are likely to see a very large high grade resource.
Have a re-look at the K92 presentation to remind yourself what you are buying.
https://thedeepdive.ca/k92-bmo-anticipates-stage-3-expansion-to-come-earlier-than-expected/