Great call, Any more wisdom to share :)

I've gotten into this within the last week. I must say it does look promising and a great time to get into.

There is a lot of value here as far as i can see. Expansion and Exploration will lead to strong pricing in coming years

TD Note on this mornings news in relation to Barrick losing the PGN mine

Barrick Gold Corp.
(GOLD-N, ABX-T) US$26.74 | C$37.65
Porgera SML Extension Denied

Event
This morning, Barrick announced the Papua New Guinea (PNG) government's nonextension
of its Special Mining Lease for the Porgera gold mine.

Impact: NEGATIVE
¦ The Porgera Joint Venture is an open pit and underground gold mine located
in the Enga Province, PNG, about 600km north-west of Port Moresby. Barrick
and Zijin Mining Group each own 47.5% of the operation (through the JV company
Barrick Nuigini Ltd. (BNL)); the remaining 5% interest is held by Mineral Resources
Enga. We are currently forecasting Barrick's share of production for 2020 at
~258kozs (~5% of attributable 2020 production) and cash operating costs of ~
$790/oz. Our NPV5% for Barrick's interest is $637mm, or $0.36/sh (2% of TD's
"mining/project" NAV).

¦ Barrick noted that it its view "the Government’s decision not to extend
its Special Mining Lease was tantamount to nationalisation without due
process and in violation of the Government’s legal obligations to BNL".
Barrick indicated that it is willing to pursue discussions with the PNG government;
however, it will also pursue all legal avenues to challenge the government’s
decision and to recover any damages that it may suffer as a result of the decision.
Barrick also said it had no interest in discussing transitional arrangements for
the management of the mine, as proposed by the government. BNL’s right to the
renewal was confirmed by the PNG National Court in August 2019.

¦ We note that the current Prime Minister of PNG, James Marape, was elected
in 2019 to a four-year term. Barrick stated in its news release that the Porgera
landowners, overwhelmingly support the extension of BNL’s lease.

¦ If we were to remove attributable Porgera production from our model from
this point forward, our 2020 and 2021 EPS estimate would decline by ~5.9%
and ~6.1% to $0.80 and $1.11, respectively (from $0.85 and $1.19). Our 2020
and 2021 EBITDA estimate would decline by ~3.4% and ~4.6% to $5.07bln and
$5.62bln, respectively (from $5.25bln and $5.89bln). Finally, our 2020 and 2021
FCF estimate would decline by ~4.2% and ~3.9% to $3.00bln and $3.66bln (or
$1.69/sh. and $2.06/sh.), respectively (from $3.13bln and $3.81bln).

I sold out all my shares as soon as the news came up.

I dont like the optics of this, specially after the action in March on this subject. That pushed it to the low $2's

This stock has been very good to me as i got in at .47

Will keep an eye out for a re entry, but it will have to be much lower for me

New Technical report added for Aurora mine yesterday which maybe helping move the price. For a $40 million market cap company with a good bit of cash i liked what i read and seems like a great risk / reward play.

I have bought another load to average down. Time will tell

March 2020 - Technical Report on the Aurora Gold Mine, Guyana

Its been a great few months for this stock. As i said i am in the Green now here. About time :)

But i originally got into this and First Mining Gold Corp. Over the last year the difference in the stocks performance has been stark.

My original thinking was they are very similar and will react similar once the market starts turning positive in Gold price performance. This has been proven wrong so far for me.

Select 1 year
Comparison Chart Gold + FF

Great to see some interest in this stock again by the market. Was down for so long. Last week or so i am back in the money on this one :)

What a great start to the year :)

Been holdings since .48 and its been great. So much more to go in this. i did not foresee the enormous potential in this with my initial investment. But its becoming better and better as time goes by.

Could see this blowing past $10 with mine upgrade and 1,800 gold

Good 30 + minute interview with John Lewins.

Description
In this episode we chat to John Lewins, CEO of K92 Mining Inc, a gold mining producer with an operating mine in Papua New Guinea. We talk about how the company has progressed, how it has achieved its incredible results, and what plans they have for the future.

We discuss what opportunity challenges and opportunity lie within Papua New Guinea, and how the mining industry can develop in the country.

KEY TAKEAWAYS

With the low, sustaining costs they have, K92 are generating good cash flow, and next year is predicting cashflow in excess of eighteen million US dollars.
K92 have exploration on their mining lease, including five diamond drilling rigs; two from the surface and three underground. This allows three thousand a month in diamond drilling from the combined five rigs.
Papua New Guinea has some of the best geology in the world, but there are three fundamental challenges there:
Climate - Very high rainfall area.
Geography/Topography - Many mines are in the highlands or on islands, which makes building mining infrastructure difficult.
Community - Eight million people speaking eight hundred languages.
PNG has less than two hundred thousand taxpayers out of eight million people, which means that many people there are subsitence farmers. Land is incredibly important, therefore, and so mining can prove very challenging.
Jobs are very important. The future is also crucial. Education is highly desirable, and so can prove an effective tool in getting communities on side.
.BEST MOMENTS

‘All of the exploration work we want to do is funded from our own cashflow’

‘We’re looking to take that to five million ounces by Q1’

’We get about eight to ten metres of rainfall per year’

‘Land is incredibly important'



The Challenges Of Papua New Guinea – with John Lewins

I agree, this is a solid interview.

@11:00 minute mark
"we have analysis following our company with a price target at $4.50... Aahh analysis are always conservative "

I agree and like :)

New corporate presentation available on the website from beaver creek.

Click here to download pdf

Also - so quiet here lately. No one likes the action for sure but long term i still think this has plenty left in the tank

I have been getting some emails lately from future money trends about selling knt.

not sure what there angle is as i always take there news with a pinch of salt.

email body is as follows.
---------------------------------------------


It’s TIME!
Lock in Profits and Get Ready to Gorge Yourself on Profits

Gold WILL Hit $2,000 This Year!


Dear Reader,
We’ve made huge gains on this initial upturn for gold and silver. However, the big money is in the juniors where we are about to move our money.

Tomorrow, with a tiny gold stock that is completely under the radar and the most undervalued gold stock in the entire market right now will be profiled in this letter.

First let’s lock in profits on the following companies.

Consider selling immediately:

***K92 Mining (TSXV: KNT & US: KNTNF) up 340%

***Equinox Gold (TSXV: EQX & US: EQXFF) up 73%

***Sprott Inc. (TSX: SII & US: SPOXF) up 28%

***Silver One (TSXV: SVE & US: SLVRF) up 245% since May!

***We have about a 6 month window here to make some serious money.***

Remember this is speculation, this should be very small relative to your overall portfolio.

I personally take half my profits and move them into safe cash flow, sometimes more, that way I’m growing my income, but still able to enjoy speculating in a few microcaps.

If you can’t stomach volatility, please, never consider buying a small company that trades for less than a billion dollars.

Look for a major announcement regarding our new gold pick tomorrow at 4pm EST.

Tooth Ache probably brought on by last 24 hours thanks to knt share price fluctuation :)

Yes this is great to see him talking about this. It is exactly what i have been thinking.
I am already over allocated to this but would of been a great buying point for those with conviction in this company

Ha well i hope i am too :) Time will tell as usual in this game.

Would be nice to get a reply from company on there position/worries/confidence on today's movement and implications of news from png government

The mine in particular ( Porgera gold mine ) has been in operation since 1990 and always had a percent of landowner ownership. Today i think is around 5%. They are looking for a bigger slice here.

I would think the royalty rate may go up for future mine development rather than ownership. This would make more sense for them rather than ownership as they would be required to buy into that ownership and provide capital for expansion. Think about that for k92 future development and cost associated with this.

Also mine location i think is in Mining Lease 150 (ML150) which expires June 14 2024 from what i read on stockhouse so safe for now in relation to the discussions affected out mine mentioned.

Wow it hit 1.80 CAD today, a .73 cad or 29% swing in one day. What a great chance in my opinion to scoop up more or to get in on this.

I dont think from what i read so far that this affects K92 at this time as talk is in relation to one mine

Not sure about the status of our permits and renewal dates. This image is on the k92 mining website. Would be interested in knowing the status of thee land package

What a terrible day for the stock. Surely an overreaction on the market point. Its understandable to want more of an economical reward from these mines but it wont be done to diminish future investments.

Take KNT for instance. We are making some great money but at the same time all that money is earmarked for expansion , which equals more jobs, more money in the economy.


tsx knt price chart Real Time

Just seeing this now, so i am too late to sell at home for swing trade but i think this is over blown at this time as it isnt even related to mining sector in general or knt but just the Porgera gold mine

This is a very good interview. Gives a good idea of all the positives to come. Just watching again a second time to see if i missed anything....

++++ Gold is on fire, going the right way for us :)

Can anyone answer me on why assets - property/plant & equipment are only noted as 43 million. Would of though the fixed asset they have there is worth much more on the balance sheet?

What about that for a ranking and to get the attention of the market. K92 ranking 5 lowest cost mine in the world for Q1 2019

mining.com Article here

Look at the link in post: 2021 for link to the original source of the comment

Guyana mention in relation to screwing up there estimates. That they sure did and there share price took a massive hit because of it. We are on the other side of this now and looking for expansion of resource with ongoing drilling.

Its been a great week for share price action but i feel we are at the start of a big rebound.

------------------------

Article
Golden blunders: How a string of technical mishaps has hampered Canada’s junior gold miners
Reports overestimating the amount of gold led to junior miners flying high, but the gold was ‘never there’
NIALL MCGEE MINING REPORTER
PUBLISHED JULY 12, 2019
UPDATED 7 HOURS AGO

Globe & Mail Article

Not saying i dont like the extra finance and @1.90. He is right but his comment is from a co founder of k92 mining so it would have to be positive. Time will tell what they really want the extra $$, my guess out of my previous four would be to pay barrick for a large update of location resources


Read comment here

End of Q1 2019, K92 had the following cash

9.862 Million

Off take agreement
15 million

bought deal
18 million


So in total minus what they made in Q2 they have around 42.862 million cash along with around 15 million in other current assets.

They must be building funds for something.

Not sure why this was needed as it hugely cash generative and just sealed a similar deal for 15 million. But here are some of the reasons top of my head.

Want to update resource estimate and getting ready to pay barrick 20 million per 1,000,000 oz declared.

Paying off gold repayments early.

Advancing stage 3 mine development early

increasing exploration of target sites nearby by a large amount.

Great day trading, 200 shares at 1.99 on the close stopped a $2 close. This is only a small thing as i see this powering past $3 this year. Its all about patience and delivery.

I trust the delivery of management but the waiting is a killer :)

This has taken quite the beating. Yielding around 6%. Will this bounce back at some stage?

tsx-winners-and-losers

Peyto Exploration and Development Corp.

Between 2014 and 2016, Peyto’s stock often traded between $30 and $40, but due to plunging natural gas prices, the Alberta-based company is now worth a tenth of its former value. In 2019, the price of natural gas briefly rallied to trading above $5 per gigajoule, but the surge did not convince investors to jump back into the company. Prior to the rally, Peyto dropped 15 per cent in one day after it announced the decision to slash its monthly dividend from $0.06 per share to $0.02 and cut spending by $100 million. Analysts have continued to cut price targets for the company whose future may be bleak until pipeline capacity is increased. In the first-half of 2019, Peyto’s share value plunged by 45.20 per cent.

Looks like a base has formed for next climb

I'm not sure are they that different. CNL have a similar profile but just more confirmed resource but same rich grade and starting at a larger size. I feel like KNT will be like this in a few year of exploration. KNT IS $350 CAD Million, CNL is $715 CAD Million

"
Reserve P&P 3.7 million @8.4 and MI&I 12.04 @10.04
"

First pour is start of 2020 and looking for 260,000 oz with AISC around $600. Talks that they can double resource estimate on site as well.

I feel like this is at the start of a very strong uptrend as news and gold price going up. I would look for a stronger performace than you mentioned.

Sure am. Got into it last week.

This is going to be a great 12 months with mine coming on stream and gold heading north

Haha Very good. That was one of the company's i picked up last week which i referred to a few messages ago. I bought it on the TSX: ticker which is CNL.

I think this one has a very strong future. A bit like KNT in its high grade but just a bigger producer. Should do very well when it comes on stream start of 2020 particularly if gold keeps going north.

There is a board here for it which i was trying to start up again. But didnt think of the otc ticker :)
Continental Gold TSX (CNL:TO)

What is COOGF? Not showing up when i search

I agree with you. I think some have locked in the great returns we got the last 12 months and jumping into miners that haven't moved , that may have had a high all in sustained cost to oz production. These seems like good bets now gold is heading north.

The underlying appeal of this stock is still there and we will be rewarded going forward.

The gold market is buzzing at the moment which is great for us.

I have just got into CNL & GUY which have done well for me since last week

Took a position in this today.

With the recent increase in gold price , i feel this is screaming buy. Extra price should make up for the over estimation of gold grade recovery from the mine.

Also this has room to expand out resource as Gold price moves north. Has plenty of cash at hand ($40 million net cash) and producing good amount of oz already

I think we should take out the all time high next week. This is a banker for decent returns in this environment.

1 Cheap Gold Miner to Buy in June Which Has Already Soared by 46%

Added a bit more today. If Gold price is like this or higher may next year when this starts up. We will be seeing multiple of todays price

What way are you coming up with the following number in your statement?