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K92 Mining Inc (KNTNF)

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Last Post: 9/22/2016 8:54:12 AM - Followers: 15 - Board type: Free - Posts Today: 0

K92 Mining Inc. // KNTNF // US OTC, also KNT // TSX

K92 Mining is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production. Combined, the management team have been involved in building over 20 mines and $5 billion in buyouts.

The Kainantu Mine

K92 Mining Inc is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production.  The Kainantu property covers a total area of approx. 410km2 and was previously mined by Highlands Pacific and Barrick Gold from 2006-2009.

After being commissioned in 2006, the processing facilities operated for a cumulative total of approximately 7000 hours (292 days) before being put on care and maintenance by Barrick Gold, who continued this care and maintenance of the mill until the sale of the project to K92.
 

About Papua New Guinea:
Land of large mines
Commonwealth country
Democratic government with the Prime Minister as Head of Government
Population of approximately 7 million people over a land area of 462,840 km2
Mining a major source of economic activity with multiple major mining companies operating large mines
Mining and petroleum industry contributes over one third of government tax revenue
Competitive tax and regulatory environment
Mining licenses issued under the terms of the Mining Act 1992

PNG bottom line: Very favorable government to mining with good geopolitical stability for a developing country

About the company:
Barrick Gold bought this mine in 2007 for $141 million and invested additional $100 million in project. $41 million invested in exploration drilling and definition drilling. 78K meters drilled via 767 holes.  K92 mining bought it at low point in bear market for $2 million.  
Will pay Barrick 60 mil once they are producing.  They also will have to pay 7.25% in preexisting carried intrestest and taxes.


Existing mine, mill, staff housing and all infrastructure in place, upkeep was done by Barrick even after shutting down productions.  Cheap hydro electric power nearby.

Fully NI43-101 compliant
High grade:  1.84 million oz @ 11.6 g/t AuEq inferred,   240,000 oz @ 11.3 g/t AuEq  indicated.   Also has a huge ore body that is open to depth, and not well explored.
Multiple hundred g/t intercepts reported in recent drilling.
Bonus of historical estimates at other sites: 1.36 million oz Au

AIM mining study 200,000 tpa @ 7.5-8 g/t; ~94% recovery rate. Poteintially producing 45K oz Au/yr.  Should be immedialy profitable to allow it to fund further drilling and exploration work.

Other projects: 4 Exploration leases, 1 mining lease, 2 mining easements, 1 lease for mining purposes: 405 km2 total land in PNG.


Experienced management: Alex Davidson of Barrick Gold on staff

Aug 2016 share structure: Only 75 million total shares outstanding with very low float; 134 mil fully diluted

Recent updates:

(July 2016) $12.5 million new financing
(August 2016) Should restart mining in weeks to months.

About Papua New Guinea:
Land of large mines
Commonwealth country
Democratic government with the Prime Minister as Head of Government

Population of approximately 7 million people over a land area of 462,840 km2
Mining a major source of economic activity with multiple major mining companies operating large mines
Mining and petroleum industry contributes over one third of government tax revenue
Competitive tax and regulatory environment
Mining licenses issued under the terms of the Mining Act 1992


Corporate presentation: http://www.k92mining.com/investor/presentation/


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#117   Yeah I see that 1.21 bid! not sure, Y-zer 09/22/16 08:54:12 AM
#116   Big gap this morning??? ashy2classy 09/22/16 08:49:42 AM
#115   Will this affect price this week? BanjoDave 09/17/16 06:53:51 PM
#114   Commentary from Wealth Daily on gold ThSeeker 09/16/16 02:52:20 PM
#113   The whole miner/explorer group is getting hammered. But ThSeeker 09/16/16 10:29:00 AM
#112   So I assume with the recent drop news ashy2classy 09/16/16 09:56:56 AM
#111   How true. Gold could drop more before moving ThSeeker 09/15/16 09:50:45 PM
#110   I think that this stock has such amazing Edge83 09/15/16 09:04:34 PM
#109   You're right about that! Wish I would have Edge83 09/15/16 12:10:07 PM
#108   Sure is getting beaten up for one that ThSeeker 09/15/16 12:06:06 PM
#107   This stock will be amazing when it starts Edge83 09/14/16 07:17:27 AM
#106   Right. Production vs full production completely different. I Y-zer 09/13/16 12:27:57 PM
#105   Thanks. hope to have email from them soon ThSeeker 09/13/16 12:19:56 PM
#104   Bryan Slusarchuk says "we're just weeks away from MacRellen 09/13/16 12:16:59 PM
#103   Their email did not work ThSeeker 09/13/16 11:50:32 AM
#102   This is the problem. Everthing I see says ThSeeker 09/13/16 11:12:31 AM
#101   I'm assuming 90% chance of being in production Y-zer 09/13/16 10:49:11 AM
#100   Here https://www.caesarsreport.com/reports/report-k92-mining-trying-get-grip-pot Y-zer 09/13/16 10:48:23 AM
#99   I need to see what "on schedule " ThSeeker 09/12/16 10:51:56 PM
#98   I hoped to buy more while the price BanjoDave 09/12/16 07:41:02 PM
#97   According to today's press release "the production re-start MacRellen 09/12/16 07:05:11 PM
#96   Insiders would not sell just due to a ThSeeker 09/12/16 03:20:33 PM
#95   Yeah, thats the way it looks but I Timebandit1137 09/12/16 02:30:09 PM
#94   .90 would be nice. It obviously ran ThSeeker 09/12/16 02:25:39 PM
#93   Re-enter at $0.90. You'll do great! eward368 09/12/16 02:17:54 PM
#92   Based on how the market is treating this ThSeeker 09/12/16 12:45:30 PM
#91   What is the current production start date? Anyone know? ThSeeker 09/12/16 11:41:22 AM
#90   It is proven gold will take off after eddyimano 09/09/16 06:16:20 PM
#89   Me too on that last one Eddy, but griff 09/09/16 05:00:06 PM
#88   Today 3 things. 1) Bad data from eddyimano 09/09/16 04:45:15 PM
#87   Thanks, if so I'll add some, Gold has griff 09/08/16 08:42:49 PM
#86   Could gone down more. 9/21 FOMC meeting eddyimano 09/08/16 08:16:32 PM
#85   I'm in at $1.18, would have loved to griff 09/08/16 08:12:23 PM
#84   It seems like it was already baked in eddyimano 09/07/16 06:18:18 PM
#83   I do not know. I just saw douginil 09/07/16 09:54:25 AM
#82   Also this ThSeeker 09/07/16 09:10:10 AM
#81   September 6, 2016 douginil 09/06/16 04:02:05 PM
#80   I can't believe there hasn't been any news Y-zer 09/06/16 01:13:04 PM
#79   Just added KNT.V, chart looks ready to run, Edge83 09/06/16 12:57:55 PM
#78   I will look into AXU as well. BanjoDave 09/02/16 08:06:03 PM
#77   GORO not production yet? I have one eddyimano 09/02/16 06:55:09 PM
#76   I check for news everyday. This and BanjoDave 09/02/16 04:37:28 PM
#75   Should be very soon (weeks?) Edge83 09/02/16 09:45:17 AM
#74   Added more again this morning. Edge83 09/02/16 09:44:51 AM
#73   Interesting and it sounds true it make sense. eddyimano 09/02/16 01:38:33 AM
#72   When is the production coming? eddyimano 09/02/16 01:10:40 AM
#71   Added shares this morning. Edge83 09/01/16 02:39:13 PM
#70   Please do Uk1chad 08/29/16 11:01:35 PM
#69   Just par for the course in junior/exploration mining! Edge83 08/29/16 06:39:54 PM
#68   KNTNF / KNT.V not held by the junior Edge83 08/29/16 05:23:19 PM
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