Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wow. The K92 story just keeps getting better and better.
I am sitting with a 10 bagger in my pocket and I have no need to sell any of it yet, and it seems from everything I hear, I would be stupid to sell any of it now. There is always more good news in the future.
I'm just riding the train up and up. Bravo, K92 !!
Like I have said for years -- this was just a matter of time. I haven't sold a share yet. My last buy was at $0.45. Whheeeeeee.
Last time it halted we got a resource upgrade.
Thou shall not steal.
www.twists.world
A new K3 vein ? I hadn't heard about this one yet. It all keeps getting better and better.
I went up over 500% the other day. I haven't sold any shares. I'm waiting for my 10 bagger. It will get there. It is just a matter of time.
Another great report. This is going nowhere, but up, up, up. The PPS should be at $ 0.28 US, or more, right now. Undervalued by a third in my opinion.
2020 Third Quarter Report
Yes. I have a small position in VITFF.
Easy find. Bryan & I are connected on LinkedIn. He posts quite a bit there on K92 and other mines that he has his fingers in. I am still holding on like a Gila Monster. Long $KNTNF.
Per Bryan Slusarchuk posted on LinkedIn.
New equipment continues to arrive at Kainantu. Today K92 received a new CAT AD45B truck. This is a large and modern 45t truck, which joins the already expanding K92 fleet. (KNT:TSXV, KNTNF:OTC, 92K:Germany). High grade gold production, expansion and exploration in PNG!
Beat you, my basis is barely over $0.60US. LOL I am hoping that Northern Vertex (NHVCF) is about to pop. I don't have a huge stake in it, but please, do your own DD. I also have a bit of VITFF. I have been huge into K92 for a long, long time. Just playing the waiting game. I'm not selling until I get a ten bagger. GLTY.
I agree, although these will most likely happen in a different order.
Holding tight like a Gila Monster.
Drilling news comes out all of the time.
A new resource estimate is due out (as said by the CEO) by the end of this month. I am anticipating OVER 5 million oz AuEq.
That will trigger the begining of another expansion (the plans are pretty much aready laid out) and the formulation of another PEA to support those plans.
THEN, I believe that they will be drilling in earnest for new targets, that will really blow this thing up, should they find anything of major importance.
If they hit anything else major, the big boys will come a knockin'.
Just my humble opinion. I'm waiting for a ten bagger. Long $KNTNF.
Dude. You act like a 13 year old and have provided me nothing with your charts and musings that I don't care about. You are an annoying gnat and are ignored forever. Buh-bye.
I already have a full position, for me, so I am not buying more, but I am not selling either. Even today, at $2.40 US, I am still sitting on 300% up, and still smiling. This is just a blip on the radar.
However, I am trying to add to another mine where I had just put a toe in the water. I wanna feel what it is like to put my whole leg in the water. Northern Vertex, just a few hours up the road from me in Arizona.
Look. If the coronavirus goes full on, people will get sick and some will die. It is more dangerous for older people, who are probably not miners. Will this cost this mine some production and time. Probably, no doubts. But, is it going to majorly impact their numbers or plans. Not really.
This will be back, soon. The panic won't last forever.
Still holding until this hits $5 US. Very Long $KNTNF.
I am holding like a Gila Monster, I live in Arizona. When (notice that I am not saying, if) this hits $5 US, maybe I will start to think of taking some profits. I'm not scared of market fluctuations, coronavirus or dumb ass charts.
Long Term Buy and Hold. This will go upward, no doubts. We just have to wait for it.
The sky isn't falling, chicken little.
Earthquakes in PNG are nearly a daily occurence in the whole of the country. They are part of normal life there.
The vast majority of them are not close to where K92 is located, in the Eastern Highlands. In the EH there were 46 earthquakes in the past 365 days, including a 7.2 magnitude earlier this year.
Not once in the many years that I have followed this company has anyone told of any major earthquake concerns.
I would be fairly certain that the explosives that they are using, in great quantities, as well as the drilling and other activities, are causing more shaking than any major earthquake that they have in the future.
Mining involves blowing the underground to smithereens. Get real.
Earthquake Track Website
BTW -- this is what an on topic post looks like -- one that is relevant to the K92 message board. Far better than the nonsensical charts that chatroom boy puts up everyday -- wasting everyones time.
The sky isn't falling, chicken little.
Earthquakes in PNG are nearly a daily occurence in the whole of the country. They are part of normal life there.
The vast majority of them are not close to where K92 is located, in the Eastern Highlands. In the EH there were 46 earthquakes in the past 365 days, including a 7.2 magnitude earlier this year.
Not once in the many years that I have followed this company has anyone told of any major earthquake concerns.
I would be fairly certain that the explosives that they are using, in great quantities, as well as the drilling and other activities, are causing more shaking than any major earthquake that they have in the future.
Mining involves blowing the underground to smithereens. Get real.
Earthquake Track Website
BTW -- this is what an on topic post looks like -- one that is relevant to the K92 message board. Far better than the nonsensical charts that chatroom boy puts up everyday -- wasting everyones time.
And your point of bringing this forward now is what ?
Your posts and charts usually mean nothing to anyone but you. It is like this board is your own particular chat room and you post about anything you like.
This is a K92 board. Anything that isn't directly associated with K92 should be posted in other places. Find them.
AND. Your posts, charts and musings aren't doing you much good evidently.
I am up over 350 %.
You can't skin a cat for shit.
I got in at $5 US. It is at $6 this minute. If we ever meet, I owe you dinner. Thanks.
Never mind. I found it.
What is tbx.v ? Thanks.
Interesting. Same phone number.
The website designer is on Vansickle Road, I believe this is the same address as the old PaperNuts warehouse location, except maybe the suite number.
PaperNuts isn't dead yet.
This is a message board for K92 Mining.
It is not a chat room for the spot price of gold. There are other places for that ! Take your heming and hawing over gold and go there.
I said this a week or so back. The next quarter will be an absolute monster blowout, like Mason said. I will be here for it.
My Previous Post
I never left. Didn't touch a share.
Warning. I am not politically correct, sooo, if you are sensitive, don't read further.
This is all typically stupid Wall Street panic bullshit !!
I have been watching, initially for around a year, and now investing, averaging down, for a couple of years now. My position, as of this very minute, is still profitable to the extreme. I have been very smart with this one, although with some others, that is not always the case.
In general, we have been saying for YEARS, that if this mine was in a different jurisdiction, it's market cap would be doubled. For YEARS. Everyone here should know this already, or you are stupid.
Sooo, the jurisdiction, government volatility, etc., SHOULD be already priced in.
But, NOOO. A few newspaper articles, with basically, old news, starts of a panic. Bullshit !!
Typical Wall Street herd idiotic mentality. If I didn't already have what I consider a full position in regard to the associated risk involved with this ticker, I would have bought more yesterday.
The K92 story / near future is still fully intact. Nothing has changed here.
Digital / Algorythm Trading Bullshit !! Hopefully, this has scared away all of the "idiotic traders" here. I am an investor, LTBH investor. My thoughts on this ticker haven't changed one bit. "Traders", stay away from my investment !!
Let me break down this so called news. Governments are stupid. Politics are stupid. The people of 3rd world / so called developing countries are stupid, or they wouldn't be in that position.
If the PNG government screws this up, they will go back to eating bananas and sleeping in the rain. They might be stupid, but they aren't that stupid.
K92, for the moment, is a small fish. The big fish will take care of this for us small fish. The Exxon's, Barrick's, Newcastle's of the world will warn us all. When Exxon pulls out of PNG, then I will sell, that day, at whatever price I get.
The PNG government doesn't have the brains, expertise, capital, etc. to pull any of their resources out of the ground themselves. They may in the future, but they can't now. They need foreign investment. Badly.
The local PNG people are greedy and stupid. They want to be rich overnight, and that just doesn't happen. They look at the powerhouses of the world and they want that. They don't understand that it takes centuries to get there.
The PNG government is playing politics. That is normal. The Exxon's, et. al., are better at politics than they are. The big boys can point to Venezuela as a recent example of nationwide stupidity. Does PNG want that to happen ? No. Soooo, then play ball and be reasonable.
Will this happen, who knows ?
The point is, this should be already priced into this ticker.
It is for me, and I still think that the PPS should be double right now, in addition to the double for the jurisdiction issue. If this mine was in the U.S.A., it would be a ten dollar stock. No doubt in my mind.
PNG plays ball or eats bananas, it is that simple. That is the gamble.
Because there is no gamble with K92. It is a gold mine. Of that there is no doubt.
Long $KNTNF.
Yes, that one !! Nice. My reading material for this afternoon. Thank you.
No. I have seen that one. I am looking for the one that is 108+ pages long, the one that is shown in the King World News post. Where is that one ?
MM's be damned. I have been aware of this mine for over 3 years and have only acquired shares. I am not a trader, I am an investor. I am not selling anything very soon. I have wanted a ten bagger out of this one and I will get it. Am sitting on over a triple right now. I am not going anywhere. Long $KNTNF.
Sooo, several interesting things here regarding bio1275's link to King World News.
First, scroll down, we are looking at an August 2019 Investor Presentation that is different than the one you can find on the K92 website here. The one on KWN shows 108, or more, pages in length and the one from the website is 33 pages. Can anyone find this longer version of the Investor Presentation anywhere ?
Second. The KWN presentation, page 100, SHOCKED me. They are drilling all over the place and have completed drill plans that we have not heard about yet ? for example ....
A completed 5 hole program at Yompossa. Drill testing at Kokomo. Drill testing at the northerly extensions Irumafimpa (Kokomo?). This is all news to me.
From the audio, at 3:08. They had 5 drill rigs on-site, operated by contractors. They have bought 2 of the underground rigs completely, and are now running them themselves, no contractors, so they get to do whatever they want with them. This is news to me. I think that there is another drill rig on the way, making 6 total.
Sooo, what are they doing with all of the drill rigs ? There are at least 2 rigs, and most likely 3, are underground, drilling Kora/Kora North/Eutompi/Judd. That leaves one at Blue Lake and then one more(?) drilling who knows where at Yompossa/Kokomo ? Hmmmm. Has anyone else heard any reports on these anywhere ? Does anyone have a better trace on the use of these rigs ?
Also, news to me, they have applied for 2 additional Exploration Leases, shown on page 100.
There is sooo much going on, that I am starting to lose track of it all. That is a good thing.
Expansion of the mine to 7 levels, up from 3 now. Drilling all over the damn place, and hitting structure every damn time. New resource estimate is in the works. A new PEA is in the works. They are upgrading the plant. They have upgraded the camp. They are hiring and training new locals. They are sponsoring community activities. They are donating to local causes. New analyst estimates at $3 and $4.25, Canadian. Etc. Etc.
This thing is going arithmetic on us, and the share price should also follow suit. I used to think $5 would be a good price, but now I am agreeing with some here, this is going to $10, or above, and it is just a matter of time. This thing is truly a generational mine, worth Billions.
What a cool ride we are on. Long #KNTNF.
No doubts. I am enjoying the ride and won't be selling for a long time, maybe 2023.
Regardless, this should be much higher right now, at the least 2.50 USD. Now !!
One of these days, the idiotic market will wake up and this will rocket upwards.
Nice. This elevator is going to the top floor. Going up ?
Wow !! Longest and best interview that I have ever witnessed by a K92 administrator. A great new hire, I think he has only been on the job for a couple of months. Experience from all sides of the business, engineering, finance, capital markets, etc. Smart guy who put all of his eggs into the K92 basket, it sounded as if he didn't think he had a better choice to make, but to join in.
I heard some interesting new things ....
Did he slip out with a previously unmentioned K3 vein ? They have talked about K1, K2 and KL. I have never heard a reference to a K3 ?
Also the continuity sounds amazing at Kora North, and supposedly on into Kora itself. Also, some detailed color on Blue Lake.
They are working the expansion plan. Continued drilling, work on a resource upgrade, perform a new PEA, then expand even more.
My gut feeling, the more news that I get on this, I am steering away from the thoughts that management is working this up, to eventually sell it off. It seems more like this is the project of a lifetime and they would all be crazy to sell it and walk away. There is just way too much potential here, possibly even to make K92 a Tier 1 producer, by itself, in just a few years from now.
High continuous grades, low AISC, lots of places to explore, every time they drill, they hit. What could be more fun ? This is a dream mine.
Why go somewhere else and maybe beat your head up against the wall ?
Stay committed, don't sell, work this for a couple of decades and everyone goes home filthy ass rich ! Hell, I wanna go get a job there ! LOL.
Long $KNTNF !!
I am being censored here ?
Listen up everyone. Don't cry.
No. We don't want to hear about your political views or Trump or the US government. Nor do we want to hear about gold, in general. We are in this hemisphere and we hear about that stuff every minute.
There are other boards here where you are welcomed to post that stuff. Find them and go enjoy yourself.
Post about things directly related to K92. The PM's politics regarding mining and natural resources in PNG is directly related to K92.
Also. Charts. Everyone has access to charts. We don't need to see charts on this board. Especially if you are posting nothing coherent regarding them. Everyone has an Image Manipulation Program and can draw a line on a chart.
Everything else, really belongs elsewhere, or at minimum deserves an Off Topic warning, OT.
This is not a chat room to keep you from being bored. It exists to post messages about a topic. Go chat and cheerlead and be bored somewhere else.
Stay relevant to K92 and don't waste peoples time. It's freakin' simple. End of Rant. Long $KNTNF.
Yes. What he said !
Suspended .... not dead. Let's see what happens next. Hmmmm.
We belong much higher than $ 2 USD. I think that $ 2.50 to $ 3.00 range is more realistic at the present moment.
I am sitting tight on this ride. Wheeeee !
Long $KNTNF !
Additionally. Most of that was off the top of my head. I have tomorrow and the weekend off, so I am imbibing.
I don't do charts, I like the company. I don't pay a ton of attention to the financial disclosures, the depreciation schedules, the balance sheet. I research the production numbers. What have you done for me lately ? I have read the entirety of the PEA's. I am fairly sure that I have read the entirety of every PR in the last 3 years and researched them also, after the fact. Drill hole numbers fascinate me, I wish I knew how to value them better.
I watched this for a year before I waded in. Unfortunately, I averaged down, into what I consider a full position. I am sitting on a triple and holding tight. This has a long way to go.
I think that most of us here, for the long term, pay particular attention to the AISC dollars. That figure takes into account the general cost to dig holes in the ground and also to explore for more places to dig holes in the ground. That is mining, period.
The current spot price of gold, minus the AISC, All In Sustaining Cost, leaves just the profits as a left over.
At $1400 spot and an AISC of say, let's be conservative, $800, means that there is a $600 per ounce profit, for every ounce of AuEq produced.
This mine operation is throwing off $3 million, or more, profit per month.
At current plans and rates of production, they will basically pay off in 3 years, what it will take them to be able to mine for 13 years.
That is roughly 10 years of pure profits. Over $500 million.
What if gold goes to $1600 spot ? Then a better, possibly achievable question, what if AISC drops to $700 ? Or $ 600 ?
We are talking $4 million a month in profits, $5m .... or maybe even $8m !! Do I hear $10m ? A month, PROFITS !!
Then the ever bigger questions are, how big is Kora North, how big is Kora, how big is Eutompi, how big is Judd (they know it is there, as they already have an offshoot drive over to it (it's around a 100+ meters away) and have sampled into some of it), how big is Karempa, how big is Blue Lake, how big is U, how big is V, how big is W, how big is X, how big is Y, how big is Z ?
Have you seen the latest version of the Investor Presentation ?
K92 is a Billion dollar mine. Profits. A Billion Dollars in PROFITS !!
Most of us who have been here for a long time are totally convinced of that, as fact. Someone is going to be mining here for decades, literally.
It is just a matter of time before the share price will show that also. It will come. Build it and they will come.
Long $KNTNF.
I will take a shot at this one. Depreciation.
I would assume that the plant equipment, being subjected to extremely high abuse, as in the mining business, would be on a very fast depreciation schedule. This equipment wasn't new to start with and needed to be re-commissioned to begin operations by K92.
It has basically been running 24/7/365 for close to 3 years now. I would assume that depending on the particular asset, they would be on a 5 or 7 or 10 or so, year schedule. This equipment would lose value fairly fast -- as it would wear out fairly fast through normal mine operation usage.
It is noted that the upgrade will be around 15 million or so (if memory serves correctly), but the CapEx number is much higher when it comes to normal operation of the mine over the next 13+ years. I would have to look at the PR's, but that number was in the 100m range ?
Anyone ?