SureTrader
Cannabis Stocks News
Interactive Brokers Advertisement
Home > Boards > US OTC > Mining/Resources >

K92 Mining Inc (KNTNF)

KNTNF RSS Feed
Add KNTNF Price Alert      Hide Sticky   Hide Intro
Moderator: ThSeeker, Edge83
Search This Board: 
Last Post: 8/19/2017 6:16:07 PM - Followers: 25 - 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/
Website: http://www.k92mining.com/ 


KNTNF
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#267  Sticky Note Great interview on TFMetals. http://media.tfmetalsreport.com/audio/08BryanSAug17 eward368 08/07/17 09:05:38 AM
#131  Sticky Note Good summary of K92 property and story in Edge83 10/06/16 02:46:53 AM
#288   i guess there was a little confusion on Mason07 08/19/17 06:16:07 PM
#287   I own both... A lot of people in John Gyver 08/18/17 04:49:14 PM
#286   John thanks for the post but with all Mason07 08/18/17 11:52:25 AM
#285   https://orders.stansberryresearch.com/chain?cid=MKT338092&eid=MKT338220&step=sta John Gyver 08/17/17 08:52:20 PM
#284   John, do you have a link for that Mason07 08/17/17 02:51:20 PM
#283   Just read the board over there... Lots of John Gyver 08/16/17 05:44:53 PM
#282   Nice interview: ThSeeker 08/16/17 04:42:22 PM
#281   Based on that I bought some more just now. ThSeeker 08/16/17 03:49:13 PM
#280   REALLY Stansberry? That is good news IMO. ThSeeker 08/16/17 03:23:10 PM
#279   Stansberry.... Not the typical pump and dump kind John Gyver 08/16/17 01:48:00 PM
#278   Which group? Usually quite destructive for pennystocks. They ThSeeker 08/16/17 01:30:06 PM
#277   Buying group buying in.... Should level off soon. John Gyver 08/16/17 12:22:11 PM
#276   OT: looks like I should have been adding ashy2classy 08/16/17 09:51:53 AM
#275   This one continues to be a great buy. ThSeeker 08/15/17 01:08:52 PM
#274   Older but still applicable comment and review of ThSeeker 08/14/17 01:01:47 PM
#273   K92 Appoints Mr. John Lewins as Chief Executive Officer Edge83 08/11/17 03:05:41 AM
#272   I hope we know more than the rest Edge83 08/10/17 04:29:16 PM
#271   On a day where we saw a nice ashy2classy 08/10/17 04:02:52 PM
#270   This is greatly undervalued. It is nice holding ThSeeker 08/07/17 03:55:57 PM
#269   Nice buy, Seeker! I'm slightly worried we're all ashy2classy 08/07/17 10:02:55 AM
#268   Picked up another 10K this morning. It has ThSeeker 08/07/17 09:58:55 AM
#267   Great interview on TFMetals. http://media.tfmetalsreport.com/audio/08BryanSAug17 eward368 08/07/17 09:05:38 AM
#266   Nice, thanks for the link. ThSeeker 08/03/17 04:57:21 PM
#265   Yes, good news today. I think that Edge83 08/03/17 02:21:08 PM
#264   Some good news for KNT... ashy2classy 08/03/17 12:30:44 PM
#263   Nice to see some enthusiasm here. It is ThSeeker 07/28/17 06:43:15 PM
#262   Good point, I wasn't aware of that breakdown ashy2classy 07/28/17 01:51:54 PM
#261   LOL I know what you mean. Just Edge83 07/28/17 01:34:08 PM
#260   You and I think alike. My second largest ashy2classy 07/28/17 01:22:33 PM
#259   The only bad thing I found was with Edge83 07/28/17 01:18:17 PM
#258   Holding my breath every time. We're back to ashy2classy 07/27/17 02:00:10 PM
#257   Buy when there is blood in the streets, Edge83 07/27/17 01:16:36 PM
#256   Am I missing something? WTF just happened? I ashy2classy 07/27/17 11:33:19 AM
#255   I'm down in that hole with you my Edge83 07/18/17 02:08:18 AM
#254   I continue to nibble around here. Added more ashy2classy 07/17/17 03:24:21 PM
#253   Added again this morning. My average is still ashy2classy 06/20/17 01:12:34 PM
#252   WOW. ThSeeker 06/19/17 10:02:19 PM
#251   I know its crazy, at some point this Edge83 06/19/17 06:05:59 PM
#250   Nice! Is this thing ever gonna appreciate? PPS ashy2classy 06/19/17 10:25:46 AM
#249   K92 has some shares and warrants available for Edge83 06/16/17 05:09:53 PM
#248   Thanks, Edge! ashy2classy 06/16/17 09:54:14 AM
#247   Yeah I agree, it makes sense to be Edge83 06/14/17 10:41:03 PM
#246   Edge83, don't know about you but I am ThSeeker 06/14/17 07:42:10 PM
#245   I sent off a frustrated email after the Edge83 06/14/17 06:10:37 PM
#244   just added @.58 Mason07 06/14/17 10:30:15 AM
#243   Selling shares for 80 cents CAD not USD. Edge83 06/07/17 05:03:03 PM
#242   Added more today also. ThSeeker 06/07/17 11:39:10 AM
#241   Added more at .58. WAAAY overweight in KNTNF ashy2classy 06/07/17 10:55:40 AM
#240   I just added more at 0.58 as well. GLTA Edge83 06/07/17 10:55:32 AM
#239   Ok, I'm in @ $.58 with my starter John Gyver 06/07/17 10:40:39 AM
PostSubject