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K92 Mining Inc (KNTNF)

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Last Post: 9/22/2017 11:27:26 AM - Followers: 27 - 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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#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
#324   I bought another chunk of shares today. Edge83 09/22/17 11:27:25 AM
#323   THe news is very encouraging. Seems the impact ThSeeker 09/15/17 01:02:34 PM
#322   I'm not sure if I am a great Edge83 09/15/17 12:22:54 PM
#321   I think that will reward you handsomely, given time. ThSeeker 09/05/17 01:47:08 PM
#320   I'm adding Uk1chad 09/05/17 01:12:22 PM
#319   Is bad. Those damn landowners who did that ThSeeker 09/05/17 11:38:53 AM
#318   Here's the problem...looks bad. ashy2classy 09/05/17 10:54:14 AM
#317   http://www.thenational.com.pg/k92-mine-issue-resolved-says-samar/ Mason07 09/05/17 10:31:21 AM
#316   somethings up, to much volume Mason07 09/05/17 10:10:11 AM
#315   K92 remains on sale. Get them cheap while ThSeeker 09/05/17 09:41:51 AM
#314   again, much thanks Mason07 08/30/17 10:12:09 PM
#313   Comments from a respected poster about Q2 financials... ashy2classy 08/30/17 08:25:30 PM
#312   Another update about Tuke meeting with both parties ashy2classy 08/30/17 08:21:05 PM
#311   Off Topic Check out GLNNF seems like a Mason07 08/30/17 07:45:55 PM
#310   Off Topic Check out GLNNF seems like a Mason07 08/30/17 07:45:54 PM
#309   Yes, thanks for keeping us up to date. Edge83 08/29/17 05:57:22 PM
#308   Thanks for the update Mason07 08/29/17 04:34:16 PM
#307   Update on the dispute... ashy2classy 08/29/17 01:52:52 PM
#306   Nice. Plenty of volume indicating a lot still ashy2classy 08/28/17 03:11:31 PM
#305   Added more this morning. Hopefully they get this Edge83 08/28/17 02:45:39 PM
#304   Encouraging. ThSeeker 08/25/17 01:04:34 PM
#303   Tuke speaks out against the damage to K92 equipment... ashy2classy 08/25/17 12:55:32 PM
#302   Added more at .401 *GULP* ashy2classy 08/25/17 11:44:48 AM
#301   this is overdone, with good news this will Mason07 08/25/17 10:01:56 AM
#300   K92 still on sale. Wish I was just ThSeeker 08/25/17 09:46:56 AM
#299   I feel the same way, they will likely Edge83 08/24/17 04:40:28 PM
#298   i agree,i'm happy that it was made public Mason07 08/24/17 04:05:33 PM
#297   It sure looks like this is impacting PPS. ThSeeker 08/24/17 12:24:18 PM
#296   K92 Mining Inc. Community Relations Update ThSeeker 08/24/17 11:11:46 AM
#295   - Channel sampling of the north and south ThSeeker 08/22/17 02:11:22 PM
#294   Potentially serious. But hopefully they will get it ThSeeker 08/22/17 02:04:53 PM
#293   More news today... ashy2classy 08/22/17 10:35:45 AM
#292   Hmmm, this could be a reason for the ashy2classy 08/22/17 10:27:23 AM
#291   edge i own the following PM'S AG,KNTNF, Mason07 08/21/17 09:21:40 PM
#290   I would be interested in knowing what other Edge83 08/21/17 02:20:35 PM
#289   K92 Set To Commence Exploration Drilling To Follow ThSeeker 08/21/17 09:46:07 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
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