K92 Mining Inc (KNTNF)

[Suvorov]

Careful:Third World Gold plays end in tears for investors..

If one wanted to picked the worst geographic, political venue for a gold mine in the world, Papua New Guinea would be top of the list.

Poor infrastructure, shaky politics, the possibility of , violent indiginous people, nationalizations of the gold mine; in my opinion it is not worth the risk.

I have been burned too many times in Third World gold plays so please learn from my mistakes.

On top of that the stock looks weak, overcapitalised for what they got ($80MM) and if one is in the Third World one needs fantastic results not the meagre results K92 has shown so far.

The management means well but I would be very shy to purchase equity when the main asset is in a Third World country.

In my opinion.