K92 Mining Inc (KNTNF)

[Edge83]

You are here at a good time. The biggest issue I have had with them was they did sell some shares to finance a rapid restart of the mine. They basically skipped straight to phase 2 (108k oz instead of 52k oz). The management team have a significant amount of shares themselves so I have to trust their instincts. I don't think these guys want to be a small operation, they have been aggressively exploring and drilling the property as they restart the mine.

There are 3 rounds of warrants that expire in November and run through June of 2018. Other than that I don't think there will be any more dullution. They should still have around $10 million cash on hand to get everything up to speed. I think the early buyers got punished a little but I think most of us here thought it was a good value then which makes it an outstanding value now.

I own ~25 different gold and silver exploration and mining stocks and this is by far the most undervalued IMO. I've been buying heavily this month and it is my largest position by far. The market is definitely not being rational with how they are valuing this company.