K92 Mining Inc (KNTNF)

[Edge83]

I'm even more optimistic than Mason but don't want to post a price target as I'm looking at a longer holding time frame. I think there are a lot of unknowns but I think that will ultimately propel this much higher such as a rising bull market in gold. In 3-5 years I don't think it would be surprising to see gold to trade at 2-3k/oz or higher if the debt bubble finally burts. Second is the multiple big gold/copper porphyry targets and other vein systems that haven't even been explored well or at all. They will have a stream of income from 2 sources this year. 3 sets of warrants (I have some that come due up to next June) and revenue from the on going mining. They will have big profit margins with such a low AISC and a relatively simple process of gold extraction from the ore.

The one thing that worries me a little would be keeping the native PNG workers happy. PNG is part of the British commonwealth system along with Canada, Australia and New Zealand and others so there shouldn't be too much risk of a nationalization there. Their economy is heavily dependent on mining so I don't think they would want to endanger that either.

We will see but it should be a fun ride from these levels, looking forward to getting some institutional money coming in and/or getting added to the GDXJ!