- K92 Mining released results from its bulk sample on the Judd Vein this week, suggesting that the company could have a second high-grade ore source on its hands.
- The bulk sample showed positive reconciliation from estimates, with an average head grade of 6.50 grams per tonne gold-equivalent and similar recovery rates to Kora.
- While the stock remains a little expensive above US$5.40 as it's valued at above US$240.00/oz, the resource upside and organic growth potential justify K92's premium vs. peers.
- Based on its industry-leading organic growth potential as we look ahead to the Stage 3 Expansion at Kainantu, I believe any pullbacks below US$4.60 will provide low-risk buying opportunities.
For further details see:
K92 Mining: Judd Bulk Sample Strengthens The Investment Thesis