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K92 Mining Inc (KNTNF)

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Last Post: 7/27/2017 2:00:11 PM - Followers: 25 - Board type: Free - Posts Today: 3


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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PostSubject
#131  Sticky Note Good summary of K92 property and story in Edge83 10/06/16 02:46:53 AM
#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
#238   I had an order in for $.62 yesterday.... John Gyver 06/07/17 10:13:10 AM
#237   Why a drop, are they selling each share oneflew12 06/07/17 08:12:00 AM
#236   How much of a drop are you expecting? John Gyver 06/07/17 07:53:32 AM
#235   I agree the cont dilution is frustrating, I Edge83 06/06/17 09:55:50 PM
#234   I was hoping production would end dilution. Hopefully ThSeeker 06/06/17 09:21:27 PM
#233   Hat do you think about the press release? John Gyver 06/06/17 08:25:29 PM
#232   K92 MINING INC. ANNOUNCES C$16,000,000 MARKETED OFFERING Edge83 06/06/17 07:32:41 PM
#231   I would say buy half here and wait Edge83 06/05/17 06:14:45 PM
#230   This one and TLRS I highly recommend. ThSeeker 06/05/17 04:31:49 PM
#229   I am invested in First Mining Finance FFMGF.... John Gyver 06/05/17 04:18:47 PM
#228   Nice info. Love you $0 per OZ estimate. ThSeeker 06/01/17 11:27:40 PM
#227   I hear you. I still think were being Edge83 06/01/17 09:43:06 PM
#226   Nice. Gonna be amazing when this one ThSeeker 06/01/17 08:51:30 PM
#225   Added some more shares today. Edge83 06/01/17 12:00:11 PM
#224   It hit $1.72 last August and there has eward368 05/25/17 10:17:41 AM
#223   +1 ashy2classy 05/24/17 03:44:04 PM
#222   Great news today. Maybe someday the PPS will ashy2classy 05/24/17 03:43:05 PM
#221   Great report. :( some day the PPS will ThSeeker 05/24/17 01:44:13 PM
#220   This one is going to be a monster! Edge83 05/24/17 01:40:17 PM
#219   K92 Mining Discovers High Grade Extension of Kora Edge83 05/24/17 01:28:04 PM
#218   More news, project ramping up quickly Edge83 05/18/17 09:07:24 PM
#217   VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2017) - ThSeeker 05/17/17 09:05:22 AM
#216   K92's progress is looking very promising. Let's see ThSeeker 05/16/17 09:54:16 AM
#215   Good update. Thanks for posting! ashy2classy 05/16/17 08:41:46 AM
#214   UPDATE!!!!!!!!!!!!!!!!!! tbnfl4sun 05/16/17 08:19:07 AM
#213   Most likely it was the price at the ashy2classy 05/15/17 09:17:55 AM
#212   At first that is what I thought too. ThSeeker 05/13/17 09:17:47 AM
#211   I'm surprised their buy up to price is Uk1chad 05/13/17 01:00:37 AM
#210   Nice ,thanks for the read! tbnfl4sun 05/11/17 06:07:53 PM
#209   Thanks Edge it is about time someone reviews ThSeeker 05/11/17 12:50:25 PM
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