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K92 Mining Inc (KNTNF)

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Last Post: 10/13/2017 3:47:17 PM - Followers: 28 - 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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PostSubject
#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
#374   Someone not investing and who does not care ThSeeker 10/13/17 03:47:17 PM
#373   who in there right mind would sell here.oh well!!! Mason07 10/13/17 03:33:04 PM
#372   Might want to wait a bit longer than ThSeeker 10/12/17 07:51:07 PM
#371   I'm even more optimistic than Mason but don't Edge83 10/12/17 05:53:16 PM
#370   Mason, I would love to have that $4.00 but tika1 10/12/17 05:37:44 PM
#369   Great numbers today but would like the share MemoryLeaks 10/12/17 05:31:09 PM
#368   $ 4.00 Mason07 10/12/17 05:03:11 PM
#367   Good gain, but I would like to see tika1 10/12/17 04:51:25 PM
#366   Edge, i think the news is getting out. Mason07 10/12/17 03:44:11 PM
#365   Nice timing, K92 is looking good today. Hopefully Edge83 10/12/17 03:06:45 PM
#364   Ash, good move, i'm thinking of adding more Mason07 10/12/17 01:32:05 PM
#363   Added more this morning on the news... ashy2classy 10/12/17 10:27:28 AM
#362   Yep. This one is a cheap buy now. ThSeeker 10/11/17 03:56:08 PM
#361   looks good , i really like that aisc Mason07 10/11/17 03:03:12 PM
#360   K92 ANNOUNCES POSITIVE RESULTS FROM TREATING THE INITIAL Edge83 10/11/17 01:53:20 PM
#359   I like how they have two separate bosses Edge83 10/07/17 07:31:14 PM
#358   K92 Appoints Mr. Gavin Ferguson as Senior Vice Edge83 10/07/17 07:16:50 PM
#357   Added more today Mason07 10/06/17 03:34:05 PM
#356   Thanks for the comments. I added a few ashy2classy 10/05/17 10:11:58 AM
#355   The market value seems to be expecting Edge83 10/05/17 10:01:22 AM
#354   From what I read on StockHouse.com, many believe ashy2classy 10/04/17 08:48:43 PM
#353   off topic, i was wondering if anyone took Mason07 10/04/17 08:09:49 PM
#352   it comes down to performance, i sold a Mason07 10/04/17 08:05:09 PM
#351   I can't figure it out either, the math Edge83 10/04/17 06:47:20 PM
#350   i,m still scratching my head, how in the Mason07 10/04/17 06:26:43 PM
#349   Hopefully the news flow and production will start Edge83 10/04/17 06:05:34 PM
#348   ****News***https://finance.yahoo.com/news/k92-commences-mining-bulk-sample-11300 Mason07 10/04/17 08:45:12 AM
#347   I am small time retail investor. I have tika1 10/03/17 04:16:25 PM
#346   I've been accumulating more today. Edge83 10/03/17 03:34:14 PM
#345   I'm just using the numbers from their PEA. Edge83 10/02/17 03:20:05 PM
#344   Edge, I have hard time finding their expected production tika1 10/02/17 11:10:23 AM
#343   How about that. Definitely shows how undervalued this ThSeeker 10/02/17 09:30:29 AM
#342   Ok a little math, correct me if I'm Edge83 10/02/17 05:00:59 AM
#341   That is a great report. NOW is the ThSeeker 10/01/17 08:38:07 AM
#340   K92 Mining (TSX-V: KNT) President Bryan Slusarchuk on MemoryLeaks 09/30/17 06:00:22 PM
#339   Up almost $0.02 on a bad day for eward368 09/29/17 07:50:12 PM
#338   Research will lead to more buying especially at ThSeeker 09/27/17 11:49:30 PM
#337   Just added some today, will look over next MemoryLeaks 09/27/17 11:31:02 PM
#336   I spent several hours last night trying to Edge83 09/27/17 02:43:49 PM
#335   Took a starter position, this looks VERY promising! Dr. King Schultz 09/27/17 07:03:55 AM
#334   Insider Buying: K92 Mining Inc (KNT) Director Purchases Edge83 09/27/17 03:20:47 AM
#333   September 27, 2017 Edge83 09/27/17 03:17:38 AM
#332   You are here at a good time. The Edge83 09/26/17 06:48:19 PM
#331   Little to none. The full story behind this ThSeeker 09/26/17 03:52:55 PM
#330   So there is no dilution risk? tika1 09/26/17 03:43:16 PM
#329   They are ramping up to their stage 2 Edge83 09/26/17 03:23:41 PM
#328   Yeah I've been adding aggressively this month. It's Edge83 09/26/17 03:09:27 PM
#327   Edge83, What is expected production for 2018? tika1 09/26/17 03:06:23 PM
#326   Great news. Time to buy again. Added today. ThSeeker 09/26/17 02:26:31 PM
#325   News out https://investorshub.advfn.com/boards/read_msg.aspx?message_id=13491435 Edge83 09/26/17 01:48:19 PM
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