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K92 Mining Inc (KNTNF)

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Last Post: 2/21/2017 3:54:10 PM - Followers: 20 - 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/ 


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#131  Sticky Note Good summary of K92 property and story in Edge83 10/06/16 02:46:53 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
#155   Thanks for looking. Given that it may have ThSeeker 01/24/17 04:04:42 PM
#154   I was looking around on their website and Edge83 01/24/17 03:59:57 PM
#153   Nice move today. Wonder why. Not much ThSeeker 01/24/17 03:05:19 PM
#152   From K92 website ( I'd like update on ThSeeker 01/22/17 02:21:53 PM
#151   Sure would like to see this one get ThSeeker 01/19/17 02:46:21 PM
#150   K92 Signs Long Term Power Supply Agreement with ThSeeker 12/23/16 11:35:37 AM
#149   K92 EXPLORATION DRILLING INTERSECTS HIGH GRADE GOLD, SILVER, Edge83 12/13/16 02:45:17 AM
#148   Nice add...as soon as my funds settle I ashy2classy 12/01/16 10:16:51 PM
#147   Added some more today, we will keep waiting Edge83 12/01/16 04:07:09 PM
#146   Very nice news...thanks for posting! Buying EOD means ashy2classy 11/30/16 04:43:52 PM
#145   K92 Drilling Significantly Upgrades Predicted Grade and Contained justinstl 11/30/16 03:52:05 PM
#144   Yes this drop has been frustrating, I wish Edge83 11/26/16 05:49:41 PM
#143   Sounds like we should make some money here. ThSeeker 11/25/16 06:13:00 PM
#142   Clarus Securities Initiates Coverage on K92 Mining (KNT.V Edge83 11/25/16 11:03:26 AM
#141   K92 Attending Precious Metals Summit in Zurich and London Edge83 11/01/16 05:53:19 PM
#140   Nice interview, thanks for posting. Anyone new Edge83 10/19/16 05:16:58 PM
#139   Great interview of Bryan Slusarchuk of K92 Mining eward368 10/18/16 03:34:09 PM
#138   Thanks. This article is a must read for ThSeeker 10/13/16 04:24:31 PM
#137   Getting some more PR now that PEA is out. Edge83 10/13/16 03:30:38 PM
#136   This price is a steal Y-zer 10/13/16 01:44:54 PM
#135   That IRR of 113% is one of the Edge83 10/13/16 12:41:55 PM
#134   K92 Mining announces results of Preliminary Economic Assessment douginil 10/13/16 10:53:52 AM
#133   This company is now very well capitalized to Edge83 10/12/16 01:49:52 PM
#132   K92 Mining Receives $7.5 Million douginil 10/12/16 11:31:13 AM
#131   Good summary of K92 property and story in Edge83 10/06/16 02:46:53 AM
#130   USD 20M upon exceeding 1M gold equivalent ounces MacRellen 10/05/16 06:15:47 PM
#129   When does K92 have to pay Barrick the Uk1chad 10/05/16 05:42:22 PM
#128   Great news. It's good to own a company ThSeeker 10/05/16 11:28:50 AM
#127   K92 Mining Commences Gold Production at Kainantu Gold Mine Edge83 10/05/16 10:40:38 AM
#126   Great interview. Ticks me off that he ThSeeker 10/03/16 02:01:06 PM
#125   Speaking about K92 and all of their existing Edge83 10/03/16 10:14:18 AM
#124   Yes Barrick's loss is K92's Finding stocks that ThSeeker 10/02/16 08:48:40 AM
#123   This is a speculative/exploration stock that is about Edge83 10/02/16 12:31:22 AM
#122   looks overvalued to me: baystock1 10/01/16 08:57:16 PM
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