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If Judd and Karempe are the same as Kora imho the share price may go higher than $15 and much higher if the gold price continues upwards
IMO the results of Karempe,which should be out shortly, may have a significant effect on the share price
Not good news however Marape said Exxons LNG project and Newcrests Wafi Golpu gold project would be advanced "within the ambit of present Legislation"
Check website for a new presentation
For what its worth I believe the share price will be driven significantly higher this year as a result of an increase in investors confidence in how big the resource may be. Next quarter 3 more rigs will be added which can only mean management expects to find many more ounces.We probably found 2-2.5 million ounces last year if this is repeated this year we will soon be talking 7.5m ounces. This is only Kora/North.The potential for this company is truly outstanding
I noticed that Sprott Junior Gold Miners ETF has reduced its holding in K92 from 3.8% to .4% of total.
IMO the potential for K92 is way above $20 ps I think they are getting ready for something big
I see that K92 makes out 3.5% of the ETF of Frank Holmes
Second time John Lewins has mentioned that they are looking to use K92 cashflow to expand into N. or S. America or Asia.It is interesting to note that Tookie Angus was recently appointed as an advisor to Guyana Goldstrike-- an interesting company,but financially strapped.So for myself,over and above very good news out of PNG, I will be looking for an investment outside PNG (it will be wonderfull if it can be another Kainanto)
Recent trouble has been in West Papua,which is controlled by Indonesia,not PNG. K92 is a long way from these trouble spots.
Production figures for q2 were released on 2 July so maybe we get some good news today or tomorrow
Go down to the bottom of the latest story on KWN and you will find the comments from JL very positive indeed
Check KWN for comments by John Lewins.
John Lewins will be giving a presentation at the Beaver Creek Conf. at 13.30 on 12 September. I would not be surprised if we get some positive company news before that date.
KWN has released a new interview with John Lewins.And he says " once in a life time opportunity".Think $20 ps
K92 reminds me more and more of Randgold Exploration as far as management and deposits are oncerned.The share price of Randgold increased 3400% from 2002 to 2012.
In a company presentation in 2012 Harmony described their Wafi-Golpu discovery as "find of the century" makes one wonder how big Blue Lake could be.
I noticed that 3.5% of the Sprott Junior Gold Miners ETF is invested in K92 which is one of the largest holdings
This news shows that the Kora system probably has much more than 6 million ounzes of gold
There are very few companies with the enormous size potential of KNT.I have said this before think of a share price of $20 not $ 2
The company is already working on phase three expansion for which they will need more than $300 million.IMO a reason why David M. was appointed was to help with getting institutions to get to know the merits of K92 well before they start with the financing of phase three all very promising!
The porphyry targets may be very much bigger than Kora I believe that Wafi-Golpu (that is fairly close )has a resource of 70 million gold eq. but at much lower grade.
I refer to the most recent company presentation and the interview of John Lewins with KWN. One of the aims is to complete a PEA on phase three expansion by end 2019 this will hopefully lead to the mining of more than 1million tons of ore to produce between 350 000 and 450 000 ounces of gold.Phase two is currently underway to mine 400 000 tons and produce 120 000 to 140 000 ounces by 2020. Phase three will cost about $300m
I am very embarressed your figures are correct and mine are wrong but what i am trying to put forward is the huge potential for the share price I am thinking $20 to $50 not $3 sorry for the miscalculations
I believe we should all be very patient. this is how I look at KNT
they will have a new production target by year end of about 400 000 oz if they make a margin of $800 po this gives them cashflow of $320m at a multiple of 15 it gives you a price of about $9 if the gold price goes to $2600 po you get to a price of $32 furher porhyres(?) discoveries may double this figure the latest 2 drill hole results also make me think that Kora is much larger than 6m oz.
the long term ratio of gold to oil is 15.the oil price is heading to 100 dollars next year indicating a gold price of 1500 dollars.if KNT produces 150 000 ounces at a margin of 750 dollars per ounce free cash flow will be 112.5 million dollars.at a multiple of 15 market cap. will be 1.688billion or about 8 dollars a share be very patient