On December 12th of 2007, gold was at 811 an ounce. This is also the same date Kainantu was bought by barrick gold corp. They purchased it for 140 million and put over 100 million dollars into this project, and its believe to have more undiscovered gold, which will be drilled to find out. The market cap of k92 mining (knt.v) is just under 100 million. With the price of gold now at 1280 range and this being a producing company, this value of this mine has increased quite a bit from what it was bought for when the price of gold was in the 800s. The company has upside potential, of course do your own research. Your money is your responsibility. My believe is gold is going higher, and it will take a lot of junior company's to the moon.
Video of ceo interview
date of transaction barrick purchased
http://www.barrick.com/investors/news/news-details/2007/BarrickCompletesAcquisitionofPNGProperties/default.aspx
price of gold on this date
http://www.usagold.com/reference/goldprices/2007.html
