Q: K92 Mining has a very successful gold mine in Papau New Guinea ! They expect to issue a detailed expansion of their next project in the second half of 2021 and hope to achieve ASC of less than $400 per ounce by 2024 with a doubling of production.
ABX just settled a dispute with the country and K92 responded positively. The company has no Debt and more than $60,000,000 in cash. The CEO has a successful history of buying out other miners in the past and is surveying the market for opportunities in other countries such as nearby Australia. Meanwhile the expansion is fully funded out of cash flow.
This stock has gone up on average at least 100% each year over the last five years.
My investment is for estate purposes and is a high percentage of my portfolio.
Comment?
ABX just settled a dispute with the country and K92 responded positively. The company has no Debt and more than $60,000,000 in cash. The CEO has a successful history of buying out other miners in the past and is surveying the market for opportunities in other countries such as nearby Australia. Meanwhile the expansion is fully funded out of cash flow.
This stock has gone up on average at least 100% each year over the last five years.
My investment is for estate purposes and is a high percentage of my portfolio.
Comment?