K92 Mining Inc (KNTNF)

[Edge83]

Clarus has a new note on K92 Mining titled KNT – Accelerating M&A Activity Should Support Continued Re-rating.

In part, Clarus states “With the pick-up in M&A activity in the gold mining space, with five transactions for over US$0.5 Bn in equity value each, we expect K92 Mining to show up on the radar screens as a highly compelling target given its huge exploration potential and near-term production growth.

We see parallels between K92 Mining (KNT-TSX; SPECULATIVE BUY; $2.60) with a current market capitalization of C$257 MM and Atlantic Gold (AGB-TSX; NR) that was recently acquired for C$722 MM, representing a ~41% premium to its 30-day VWAP.”