K92 Mining Inc (KNTNF)

[MemoryLeaks]

The mine in particular ( Porgera gold mine ) has been in operation since 1990 and always had a percent of landowner ownership. Today i think is around 5%. They are looking for a bigger slice here.

I would think the royalty rate may go up for future mine development rather than ownership. This would make more sense for them rather than ownership as they would be required to buy into that ownership and provide capital for expansion. Think about that for k92 future development and cost associated with this.

Also mine location i think is in Mining Lease 150 (ML150) which expires June 14 2024 from what i read on stockhouse so safe for now in relation to the discussions affected out mine mentioned.