IKN

a plague o both your houses

PEAs give me the horn

Your Derek and Clive update, as K92 Mining (KNT) gives us a PEA on a secondary deposit at its asset that’s…well, if it’s too good to be true then usually…hey I dunno, have a look yourself:

PEA estimates;

  • positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million
  • 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9
    year period with cash costs of US$547/oz AuEq and all in sustaining
    costs (AISC) of US$619/oz AuEq
  • Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq*) over the 9 years
  • Initial Capital Cost of US$13.84 Million

K92 Mining Inc. (the “Company” or “K92”, TSXV: KNT, OTC QB: KNTNF) is
pleased to announce the results of a Preliminary Economic Assessment
(“PEA”) on its Kora gold deposit (“Kora”), which together with its
Irumafimpa gold deposit (“Irumafimpa”) comprise the Kainantu Gold
Project (the “Kainantu Project”).

Continues here. One hundred and thirteen percent IRR, what could possibly go wrong?

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