K92 Mining Inc T.KNT

Nr 1 Takeover target?

[Bjornsjodin82]

https://mine.onepng.com/2021/11/chinese-firm-interested-in-papua-new.html?m=1 k92 possible a target? if they want to buy a mine instead of looking for a deposit themself ?

[merlin991]

Premium went for just under 4$b. A sale right now would be perhaps 3$b. In a year with a defined resource of 10moz and a DFS of around 400mis per annum we would be looking at near enough 5$b.. I think offers are coming in but Lewins and Tookie can keep on drilling and mining until an offer of 6+ comes along. What's the rush...

[Bjornsjodin82]

Totally agree with you merlin. I dont have any rush. But i Think k92's a prime target in a couple of years when stage 3s complete. And if the chineese Will spend US$10 billion (K34 billion) in the first three years, and a further US$30 billion (K103 billion) thereafter i think they Will atleast make an offer to mr lewins and the crew in the future.

[merlin991]

Gold price is off on it's next run up. Inflation out of control negative real rates means gold  at 2000plus pretty soon. KNT is a moving target. At 2200 what would be the price.... A lot higher of course.

[4CommonSense]

THE reason to hold this stock is as a take-over target - it's just a question of when will this happen not IF.  On its own, the potentail for a significant mine is still mediocure because the reserves are limited. Once significant reserves are identified someone will step in and buy it at a "long term" disounted price which may seem high now but really isn't on a LONG TERM

[cyber37]

I also agree that takeover is next & it may even be sooner than later. Any potential suiter will not want to wait until all reserves are proven because by then they will have to pay full price for resource in the ground. A 2nd aspect to this game is a gold price forecast; more hype regarding ridiculously high current forecasts more pressure on the potential suiter. IMHO we are ‘5 minutes to

[merlin991]

The decision for a takeout is in the hands of Tookie and Lewins and not by the suitors.  There is no pressing urgency for a deal as yet especially given that the company is at a great transition point. Why sell for 3 or 4B when 5 or 6+ is undoubtedly coming.  The porphyry results will make a dramatic change of outlook. I am in no rush. Just look at today. Gold pushed down hard and K92