History is being made during this crisis as the Gold/Oil Ratio just shattered the all-time record…again!
March 19 (King World News) – This is truly unbelievable…
Gold/Oil Ratio Shatters All-Time Record Hitting 67:1!
Pierre Lassonde commented KWN regarding the new record:
“This is UNPRECEDENTED!
SAME WITH THE AG/AU RATIO.
Gold will always be money and silver, the poor man’s gold as they say!”
Also of importance…
Eric King: “John, people look around at the carnage in the mining sector and ask themselves, ‘What should I be buying?’ And your company has the most powerful fundamentals in terms of massive growth in production, high grade ounces, and dramatically expanding cash flow of any gold producer in the world.”
Massive Growth In Production And Cash Flow
John Lewins, CEO: “First and foremost you mentioned production growth. We produced 47,000 ounces of gold in 2018, and 82,000 ounces in 2019, both of which beat guidance. The guidance for this year is 110,000-120,000 ounces of production. And we are conservatively targeting 140,000 of production for 2021. But, Eric, K92 is also one of the lowest cost producers in the world in terms of cash costs and all-in sustaining costs of sub-$700 an ounce. So we have huge margins with the gold price today near $1,500.
A Staggering $100 Million Of Cash Flow
And even more exciting is the fact that all of this growth is being funded with existing cash flow. Meaning, there will be no dilution, and our cash on hand will expand from $20 million to $40-50 million by the end of the year, even with our aggressive expansion plans. And, importantly, in 2021 we expect our cash flow to be a staggering $100 million, even at today’s gold price.
High Grade Production Will Increase To 250,000-300,000 Ounces
And, Eric, we currently have a resource of 2.8 million ounces of gold, but we are about to release a new resource estimate that includes 18 months of drilling. That will dramatically expand our resource to roughly the 5 million ounce level. Every time we drill it, we expand it. Our hit rate from our drilling has been 100%, and we currently have 5 drill rigs continuing to expand that resource. It’s open at depth. It’s 1,100 meters at depth so far, and we haven’t drilled a hole at depth that hasn’t hit the system. And we haven’t drilled a hole to the south that hasn’t hit the system. So it’s open to the south and at depth. That is why we are planning to ramp up production to 250,000-300,000 ounces a year in the future. This will more than double our already ramped up production guidance for 2020.
One Of The Greatest Growth Stories In The World
We have already bought the equipment and committed the capital for that growth. And, again, we are using our existing cash flow for all of this future growth, while dramatically expanding our cash balance. So yes, Eric, K92 is one of the greatest and most exciting growth stories in the mining world, and this pullback in the mining space has created a tremendous opportunity for investors. K92, symbol KNT in Canada and KNTNF in the US.
Global Market Panic
To listen to legendary billionaire Pierre Lassonde discuss what he is doing with his own money right now, how the global panic will unfold as well where he believes the gold price is headed from here CLICK HERE OR ON THE IMAGE BELOW.
Everyone Needs To Listen To This Interview
To listen to one of the most important interviews of 2020 with Robert Arnott discussing the Coronavirus pandemic, wild trading in stocks, bonds, and global markets, as well as where he is investing over half of his liquid net worth right now CLICK HERE OR ON THE IMAGE BELOW.
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