Loading ...I realize you’re a safe gambler amigo. 🙂 But perhaps others might not be so practiced.
That K92 would have been a good one to get in early. A couple of flags for me. “New Guinea” I don’t think is one of the better jurisdictions. Also their ore is “inferred.” rather than measured and indicated. I once had a stock with 50 million AG oz inferred. They did some more drilling and ended up with 5 million AG oz. and you can imagine what happened to the SP.
That being said I don’t know diddly about this co.
From their website:
Welcome to K92 Mining Inc.
K92 Mining is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production. Combined, the management team have been involved in building over 20 mines and $5 billion in buyouts.
Kainantu is highlighted by:
NI 43-101 Compliant Resource of 1.84Moz @ 11.6 g/t AuEq Inferred and 240,000 oz @ 13.3 g/t AuEq Indicated
Existing infrastructure including underground mine development, mill processing facility, staff housing, licensed tailings pond, office space, paved access roads and reliable hydro supply via a dedicated power line
USD $41.3 million invested in exploration drilling and definition drilling with the current resource estimate based on 78,935m of drilling via 767 drill holes
Funded through mine re-start at Irumafimpa Deposit
Significant opportunity to expand known zones of mineralization; as well as for the discovery of new ore bodies