I originally posted everything in italics on this board on 4-28-2018. Has anything changed ? Hmmm.
I have conservatively been doing my profit math using $ 400 / oz AuEq.
But if the AISC is below $ 700, here is what this looks like using a profit number of $ 600 / oz AuEq. And this is still conservative.
Au prices have been weak, let's use $ 500 instead.
Q1 production from the PR on 4-12-2018
Q2 production from the PR on 8-16-2018
9729 oz AuEq times $ 600 equals 5.84 million dollars PROFIT !
10800 oz AuEq times $ 500 equals 5.40 million dollars PROFIT !
This production number for following quarters will only go up from here.
Doing very well, considering that I took $ 100 per oz off of the table.
Same PR, TABLE 1 KORA NORTH MINERAL RESOURCE – EFFECTIVE DATE 1 FEBRUARY 2018
Yesterdays PR, Table 4 Kora North Mineral Resource – Effective Date June 25, 2018
Measured 13300 oz AuEq X 600 = 7.99 million PROFIT !
Measured 122200 oz AuEq X 500 = 61.10 million PROFIT !
Indicated 50300 X 600 = 30.18 million PROFIT !
Indicated 198300 X 500 = 99.15 million PROFIT !
Inferred 95000 X 600 = 57 million PPROFIT !
Inferred 571000 X 500 = 285.50 million PROFIT !
This is JUST Kora North ! There is enough work here for 3 years ! And they stumbled into it on the incline to Kora proper !
Most likely enough work for just Kora North for 10 plus years.
The Table Below Will Be Updated With The New PEA
PR 4-25-2018
TABLE 3.0 IRUMAFIMPA AND KORA/EUTOMPI RESOURCES
Total Indicated 240000 X 600 = 14.40 million PROFIT !
Total Inferred 1760000 X 600 = 1.056 BILLION PROFIT ! BILLION, with a B !
Current Market Cap = 110 Million
Current Market Cap = 120 Million
The following hasn't changed for me.
Every time they drill a hole, the story gets better. And they have plenty of other places to drill holes yet. They haven't even begun to explore all of the leases they have. There is gold in them there hills ! I'm not selling a share until I get a 10 bagger out of this ! This is going to pay for a lot of future tee times ! Long $KNTNF !
I guess we need to walk up to Wall Street and hand them cash to wake them up ? I am still very long $KNTNF.
