Kefi Gold And Copper Share Discussion Threads

[andysand] 18/11/2019 11:15

Oh for goodness sake! The earliest, the very earliest, that the money is due is around Thursday. There's nothing unexpected or suspicious happening here. Add on a probably delay (because it's Ethiopia), and we might need to add another week.But it was never due today. Or tomorrow.

[mam fach] 18/11/2019 11:10

Bet few buyers today can't believe their luck to have chance to buy
at these levels. Worrying that people are selling though.

[cjm681] 18/11/2019 11:09

@enter - I will be astonished if the signatures are done this week. I am expecting more delays (you know, something like Joe Bloggs is querying point 6.2.6, or a translation is required because someone doesn't understand something). Never on-time with Kefi - every deadline in the past has been missed. I hope I am wrong, but I am somewhat more realistic than others.

[3690john] 18/11/2019 11:06

littlepuppi7
Go and bark on the right thread. Filtered

[enter] 18/11/2019 10:56

Still no money from ANS. They've known the timetable for months but they're not ready with the money? How does a government decision on how to manage its shareholding affect them?

[smackeraim] 18/11/2019 10:39

Just remember during these quiet days...

At a gold price of US1,400/oz the following are the estimates for the open pit only:

-- Project export revenues are projected at c. US$200 million per annum which would likely make it the country's largest single-enterprise export generator;

-- TKGM NPV on start of production in 2021 is estimated at GBP196 million (US$249 million). And from KEFI's viewpoint, the Company's planned 45% beneficial interest in the Project NPV at start of production would be GBP88 million (US$112 million);

-- Today, at start of construction, KEFI's planned beneficial interest in the NPV is estimated at GBP59 million ($74 million); and

-- Project free cash flow is estimated at GBP31 million per annum (US$40 million), of which KEFI's beneficial interest would be c. GBP14 million per annum (US$18 million).

[littlepuppi7] 18/11/2019 10:30

ALTN in play for sure. Up 50% now and not bagged once yet. Will be the next miner to go nuts.

[smackeraim] 18/11/2019 10:04

Use any quiet time to your advantage imo.. news is only getting closer.

[shortarm] 18/11/2019 10:03

Too many people waiting to get in for that to happen !

[jammydodger1] 18/11/2019 09:59

Gap fill back to 1.4 area

[littlepuppi7] 18/11/2019 09:16

ALTN - the most undervalued Gold Play on LSE.

10m mkt cap. Will be a multibagger

Just RNS'd another almost 1 million ounce gold discovery (area 2 CPR) that is one of fifteen areas adjacent to their production they are exploring. Easy to exploit

Secured 17m loan @6% interest to ramp prodiction from 5 - 10,000 ounces to 100,000 ounces of gold

CPR's highly commercial based on 1250 gold price - way below prevailing layer.

CPR for primary resource released 10 days ago and doubled resources in place.

Buying interest significantly increased, small overhang which once cleared will see this fly.

Move profits in now before the move really starts...

[topicel] 18/11/2019 09:15

Fast trains unable to stop at Clapham junction - as reported by BBC local news this morning. Me wondered why they didn't just slow it down a bit earlier... ;)

I think I'll stay on our 'stopper' here at Kefi as it ambles along the track if it's alright with you littlepuppi7.

But good luck anyhow over there.

Topicel

[theapplefreak] 18/11/2019 09:14

You rounding up to the nearest 10%, cause I see it at 15.2% up haha
What a numpty.
Go flog your dead horse some where else.

[littlepuppi7] 18/11/2019 09:08

ALTN up almost 20%, just look at 2 latest CPR RNS releases, sitting on a ton of gold and also a producer.. Not had a rerate yet and only 10m mkt cap. Looks like the next miner to get interesting.. Dont miss the train.

[estseon] 18/11/2019 08:12

Divmad,

TK is in the Arabian-Nubian Shield and the geology in Ethiopia is the same as that in Saudi. It depends how the deposits were formed and then how the rock was subsequently moved. However, in Saudi, the VMS deposits appear to run down a fault line as might be expected. The TK mine is not a VMS, though.

The presentation published on 26 April 2017 provides a lot more detail of the project and of the potential around the TK mine. There is a slide on the Guji-Komto belt along a 9km deposit. They envisage a series of shallow open pits. The potential is 300-500k ozs at 1.5 g/t down to 40 metres, which is not terribly exciting, but it is highly weathered and can be heap leached to potentially produce 50k ozs/year that will be cheap to harvest and requires little capex. If that additional production is plugged into the DCF for the mine, the additional NPV attributable to Kefi (smaller minority interest currently as well) could increase the NPV by 50% or thereabouts assuming that production could be commenced at the same time as production from the TK pit.

Short-term, that appears to be the most significant added-value in Ethiopia for Kefi. To have made that estimate, they must have conducted significant exploration even if not sufficient to JORC it. But it is by no means the only "satellite deposit". ANS has an interest in the satellites through KME but they are not included in the TK licence area and subject to the aggregate 44% minority interest in the mine (Kefi's interest in TK is held through KME and so the 20% minority interest in KME reduces Kefi's interest in TK to 45% - 80% x 56%).

Note that projected production at the TK mine has increased from the 115k ozs/yr then estimated to 140k ozs/yr.

[divmad] 18/11/2019 07:25

Lurker5. To come back, Harry Adams thinks he is sitting on "a world class deposit" in SA. He thinks the Ethiopian Government wants Tulu Kapi to be not just "a mine" but part of a "developing mine district".

I know this is all conjecture, wishful thinking, supposition, at this stage, but with every large winning mining operation there comes a time when the pivot point is reached between just another deposit and a scaleable, world-class sized deposit. You know that, the market will also know it well before the vast majority of players recognise it. That's what we're here for , early doors, taking the risk and paying our entry tickets. But I can't argue with you, that based on the hard data gathered to date on TK, the fair value for Kefi's net share of a relatively short-lived initial mining plan is around 4p, independently corroborated. But that is the base level from which all of the above scenarios might well be developed.

But first, let's get the ANS funding paid into the JV account so Kefi can start the whole ball rolling on the ground.

[andysand] 17/11/2019 21:44

Maybe. But as I understand it, Tulu Kapi is just one small area of a much, much bigger area that Kefi is entitled to explore and mine. Others have more knowledge than me about this I am sure.

[lurker5] 17/11/2019 21:16

Divmad. As it happens re SOLG, I did (if you'd known where to look) At that stage there were already indications of a giant find. You can't say that (yet if at all) for TK or SA.

[mam fach] 17/11/2019 20:29

Can i add my two penneth worth.
Admit to buying SOLG @ 3p and predicting 50p.
But, there's always a but isn't there.
Didn't sell @ 46p.
Back to Kefi i think new holders will be bailing out @ 6p.
Still believe Kefi potentially is a world class share.

[smackeraim] 17/11/2019 20:14

more cross ramps lol

[oilisgold] 17/11/2019 20:05

4p is where you will see a lot of short term traders running towards the doors. LTH that bought in 2013 and have averaged down need around 8p plus. Possible as market cap is very low and hence a new trading range will be found before news. As long as volume is thete next week, its all good. Very exciting to be in KEFI, VAST and PREM. VAST up to 1p. PREM 0.5p plus, KEFI 4 to 6p. Easy money chaps, make it before it gets harder.

[oilisgold] 17/11/2019 20:00

At 46p buddy, many of us will be millionaires and would no longer need to trade. Assuming 20k at 2p. Thats 460k at 46p. Life changing sum mate. 20k at 1p, almost a million pounds. Thats what happened at SOLG. You need balls of steel not to bank when you see 100k profit. Its very rare to make a million in AIM by a small investor.

[fingersandtoes1] 17/11/2019 19:51

Does anyone know where the 2 analysts 12 month targets in the FT of between 5.6p and 15p comes from (would be nice initial targets). If you google kefi share forecast.

Regarding Tulu Kapi lasting only 7 years - it has been stated by Kefi/Harry many times that this only accounts for the minerals tested so far and not for anything lower down. Also, around 50km away from Tulu is an estimated 'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now. Also, our current Saudi CU assay showed 1.2%CU - appreciated we don't know quantites yet but if very big ( due to VMS and other 23 VMSs to go) could be very signifigant. Barrick’s Jabal Sayid Mine (which was discovered as a VMS), 99M t 1.2% Cu; 118,000t Cu. In 2014 Ma’aden paid $210M for 50% of it.

Also, been watching the latest SOLG video - they seem to be acting like a very good cor company in educating miners and being a responsible company, which will keep them in favour with the goverment. Looks like Kefi is taking the same responsible attitue/direction, which should be good for future licences. May take a bit of time but looking very good for the long term.

[andysand] 17/11/2019 19:30

Incidentally, if we want to match current solg market cap, we would need about 46p per share. Now there's a target....