Kefi Gold And Copper Share Discussion Threads

[robjm66] 16/7/2020 08:44

Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented : "KEFI and our G&M partner ARTAR look forward to participating in the development and expansion of the Saudi Arabian minerals sector, which the Saudi Government has made a national strategic priority. The recent approval by the Saudi Cabinet of the new mining investment law is a very positive development for our Hawiah (copper-gold) and Jibal Qutman (gold) projects in Saudi Arabia.

"The Hawiah deposit is shaping up to have similar mix of metals and to be a larger deposit than the nearby operating Al-Masane underground mine in southwest Saudi Arabia.

"We look forward to releasing the initial Hawiah Mineral Resource in August and thus providing further confirmation that our valuable Hawiah deposit has the scale and grades for a potential long-life, profitable mine. At current copper prices, it is notable that the in-situ value of Hawiah is already likely to be more than US$2.5 billion."

hxxps://www.amak.com.sa

hxxps://www.kefi-minerals.com/projects/saudi-arabia/jibal-qutman

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-16july20.pdf

[daar] 16/7/2020 08:43

Long term way more than 10p. I was talking about 2p close today

[pilkersa] 16/7/2020 08:37

Nah I am here for the one pound party. None of this ten pence nonsense.

[telbap] 16/7/2020 08:36

Yep nothing by halves in SA :))

[billthebank] 16/7/2020 08:35

Bullish but like your style!!!

[catsick] 16/7/2020 08:34

With 20m ton of 2% copper at the surface this is a mine that is going to happen, especially given this is a country that will produce milk by keeping cattle in air conditioned sheds fed with alfalfa shipped from Argentina....

[shortarm] 16/7/2020 08:28

2p, nah. Ten pence close is where it will get interesting. This year or next year, make no mistake - it's on the way!

[robjm66] 16/7/2020 08:26

Larger maiden resource of c. 20 million tonnes now expected in August 2020, an increase of 66% from the previous target of 12 million tonnes

-- Hawiah remains open along strike and depth, where some higher grade intercepts have also been encountered, for further follow up

-- Expected average copper equivalent grade of c. 2% copper, representing c. 400,000 tonnes of contained metal, with an in situ value in excess of US$2.5bn at current market prices
-- Saudi Cabinet recently approved new mining investment law, which should help unlock value at KEFI's additional Saudi projects, including the Jibal Qutman Gold Project

The Company also welcomes the expanded role of the Saudi Investment Development Fund specifically to support mining project finance.

The Company also welcomes the expanded role of the Saudi Investment Development Fund specifically to support mining project finance.
This new regulatory impetus is expected to also help clarify the path forward to unlock value from KEFI's Saudi gold discovery at Jibal Qutman, which has been on hold awaiting Mining Licence tenure confirmation. An Internal Preliminary Economic Assessment in 2015 suggesting estimated operating costs of c. US$600/oz and estimated capital expenditure of US$30 million demonstrate that Jibal Qutman's Mineral Resources, totalling 733,000 ounces of near-surface gold, should be highly profitable in the current gold price environment.

Wow Hawiah resource a lot bigger and still open SIDF funding teased and looks like Jibal Qutman could well be back on the table.

Saudi spin off with free shares for kefi holders?

[daar] 16/7/2020 08:22

2p close today

[mister md] 16/7/2020 08:22

edit: 1.385p ;)

[mister md] 16/7/2020 08:22

I'n averaging 1.375p, not letting them go anytime soon

[jaylett] 16/7/2020 08:17

Saudi is the future and looks huge, but now we just need Ethiopia to come to the party with some funding and that'll be the present sorted as well.

[philby1] 16/7/2020 08:15

I always remember that Harry once said that he thought that Kefi's Saudi resources could be 'potentially mind blowing'. Looks like he was right!

[robjm66] 16/7/2020 08:14

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-16july20.pdf


hxxps://www.mineprophets.com

Caught me on the hop though it does make more sense to drop the Rns then explain it more at the weekend.

[shortarm] 16/7/2020 08:14

Tried to buy a million first thing, couldn't even get 100k. Not worth bothering for less than that!

[bag158s] 16/7/2020 08:14

Very good news. 3P soon

[harrisun] 16/7/2020 08:14

mold. I mentioned them on EUA bb. The recent drop at Kefi was an ideal opportunity to pile in. I bought just 2,000,000 the day it crashed.

Can top slice to take my original investment, but on this one its a pot boiler as if and yet again AIM is always an IF Kefi got its act together it would go double into figures.

The delays upon delays here also provided the opportunity, but hope those delays now stop...

[shortarm] 16/7/2020 08:04

No volume available!

[bostanli] 16/7/2020 07:54

Rockets please, bit of a tease 7-30 RNS

[czar] 16/7/2020 07:54

Hive off the Saudi asset into newco, the value of this is way way bigger than Ethiopia, give one new share for every KEFI share at say 3p, and sit back and watch this grow.

[celeritas] 16/7/2020 07:46

Huge news for Kefi.

[mold breaker] 16/7/2020 07:45

Glad I bought these few days ago. Someone on the EUA BB recommended them!