K92 Mining Inc (KNTNF)

[ashy2classy]

https://kingworldnews.com/hansen-important-gold-silver-update-plus-a-surprise/

$1,550 Gold
Eric King: “John, although K92 has had a pullback after a huge run, the underlying cash flow for the company has to be exploding with the price of gold over $1,550.”

$100 Million Of Profit, All-In Sustaining Costs Below $700
John Lewins, CEO: “The PEA proves that our all-in sustaining costs will be below $700 an ounce. And so when you are sitting with over $1,500 an ounce as the gold price, K92s margins are pretty substantial at well over $800 an ounce. And going forward, with the ramp up in production and the decrease in the all-in sustaining cost to produce, at these metals prices our long term shareholders understand that we will be generating a lot of cash. With production for 2020 slated to be 120,000 ounces of gold, at $1,500 gold we are talking about roughly $100 million of net profit.

Mining Friendly Country
And, Eric, we are talking about a very mining friendly country that is already working with Barrick Gold and others to renew their mining licenses. This is a country that is saying very categorically that they want mining development, they want companies coming in and creating jobs and opportunities for economic growth. Our license isn’t even up for renewal until 2024, so the recent reaction in our share price over this issue was ridiculous.

Rapidly Expanding High-Grade Gold Production
We also have 6 drill rigs operating and results pending, and this year every single hole has been hitting the vein system, which demonstrates how robust this high-grade gold system really is. This large scale drill program has us in a position to shortly announce a new resource estimate, which will lead to an updated PEA that will be the catalyst for us to expand production beyond the 120,00 ounce production target that is already underway. So the current pullback in the share price represents a huge buying opportunity for those looking to take advantage of what we anticipate will be temporary weakness in the stock before the share price heads to new all-time highs.” K92, symbol KNT in Canada and KNTNF in the US.