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K92 Mining Inc (KNTNF)

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Last Post: 4/29/2017 1:52:33 AM - Followers: 21 - Board type: Free - Posts Today: 1


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/ 


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#131  Sticky Note Good summary of K92 property and story in Edge83 10/06/16 02:46:53 AM
#205   Added again today... Edge83 04/29/17 01:52:33 AM
#204   Is this a reminder? ashy2classy 04/27/17 09:52:12 AM
#203   VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 15, 2017) - ThSeeker 04/26/17 12:57:25 PM
#202   Did the same...makes you wonder what the hell ashy2classy 04/18/17 08:49:41 AM
#201   I agree, I added more shares again today. Edge83 04/17/17 03:20:46 PM
#200   Looking at their projections this should be worth ThSeeker 04/17/17 11:48:31 AM
#199   New presentation updated on K92's website. This Edge83 04/15/17 02:38:34 PM
#198   Mabie we get an update soon?They should be tbnfl4sun 04/06/17 02:42:26 PM
#197   Gees when will to days of the market ThSeeker 04/06/17 01:23:47 PM
#196   OK got filled now i give my blessings tbnfl4sun 03/31/17 12:20:52 PM
#195   That is a good point. I think it ThSeeker 03/22/17 03:32:58 PM
#194   Is that .75 CAD? ashy2classy 03/22/17 02:43:56 PM
#193   - issuance of 13,333,333 units (the "Units") at ThSeeker 03/22/17 10:18:46 AM
#192   Yep. Amazing how much these can drop between ThSeeker 03/18/17 06:21:46 PM
#191   This is an absolute steal at this price. eward368 03/18/17 05:18:30 PM
#190   This looks oversold to me and they are tbnfl4sun 03/18/17 04:22:15 PM
#189   I think it is CAD. ThSeeker 03/17/17 03:26:33 PM
#188   Do you know if that $ is in Edge83 03/17/17 12:01:27 PM
#187   VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 15, 2017) - ThSeeker 03/17/17 11:33:07 AM
#186   K92 Mining Inc. (TSX VENTURE:KNT)(KNTNF) ("K92" or the ThSeeker 03/15/17 04:41:48 PM
#185   Add more at .61, myself. Miners getting smashed! ashy2classy 03/08/17 02:57:25 PM
#184   Down again today. Taking advantage and picking ThSeeker 03/08/17 11:41:36 AM
#183   I don't fully believe in the efficient market Edge83 03/07/17 02:39:02 PM
#182   Added more as well. Market REALLY doesn't like ashy2classy 03/07/17 02:28:18 PM
#181   I bought more here today, either I'm missing Edge83 03/07/17 02:14:05 PM
#180   Irumafimpa mine in production NOW, K92 is targeting ThSeeker 03/07/17 12:14:28 PM
#179   VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 7, 2017) - ThSeeker 03/07/17 11:59:12 AM
#178   VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 2, 2017) - ThSeeker 03/06/17 09:44:05 AM
#177   Nice entry level IMO for a company about Edge83 03/01/17 08:58:15 PM
#176   Nice update...thanks! ashy2classy 03/01/17 11:34:21 AM
#175   K92 PROVIDES OPERATIONAL UPDATE Edge83 03/01/17 10:24:08 AM
#174   The process plant has produced in excess of ThSeeker 03/01/17 10:04:43 AM
#173   K92 IS PLEASED TO PROVIDE AN UPDATE ON Edge83 02/28/17 02:19:25 AM
#172   They issued a lot of options and warrants Edge83 02/28/17 02:15:34 AM
#171   Charts showing a steady decline....maybe due to debt? CptChemtrail 02/21/17 03:54:09 PM
#170   Agree I still thing this ought to ThSeeker 02/16/17 11:48:18 AM
#169   Grabbed a few more shares this morning. ThSeeker 02/16/17 10:29:01 AM
#168   I'm still in the red on this one Edge83 02/15/17 02:55:02 PM
#167   Yes they have been producing gold for awhile ThSeeker 02/15/17 02:34:48 PM
#166   Added more shares to my position today. Edge83 02/15/17 01:53:45 PM
#165   Agree stock price needs some encouraging news. And ThSeeker 02/13/17 06:24:21 PM
#164   People are tired of waiting for the first BanjoDave 02/12/17 07:42:47 AM
#163   The one negative I saw about K92 when Edge83 02/09/17 09:05:42 PM
#162   Really don't get why this thing is getting ashy2classy 02/09/17 03:40:25 PM
#161   K92 COMMENCES MAJOR EXPLORATION PROGRAM Edge83 02/09/17 12:03:28 PM
#160   Yeah this one has just been sluggish getting Edge83 02/03/17 09:53:07 AM
#159   This is some really high grade intercepts. ThSeeker 02/03/17 09:20:35 AM
#158   PR on the website now shows corrected drilling Edge83 01/29/17 08:09:39 AM
#157   Thanks would also like to see update ThSeeker 01/27/17 02:09:54 PM
#156   K92 DRILLS MULTIPLE HIGH GRADE GOLD INTERSECTIONS IN Edge83 01/27/17 01:02:06 PM
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