Kefi Gold And Copper Share Discussion Threads

[donegal1997] 20/8/2021 07:06

Another week passes by then with no update. The show goes on.

[sweetwaters] 19/8/2021 18:46

Typical response from you Goat, playing the man not the ball.

[donegal1997] 19/8/2021 17:11

Will we all chip in for a private investigator to see where Harry is ? :)

[theaviator] 19/8/2021 17:03

Hi estseon, hope you're having a nice summer.I see Pltr have just bought 50million in gold bars which is quite interesting. Obviously it's pocket change to them but still. Yes very spoooed and manipulated markets especially silver at the moment. We shall see what unfolds....

[goatherd] 19/8/2021 16:57

Tops,

If you will not believe anything Harry says, why on earth on you still in this?

[topicel] 19/8/2021 16:37

Rio, Sweet, we know infrastructure work is underway how?

Please don't say that Harry has said so... :(

Topicel

[sweetwaters] 19/8/2021 16:30

Rio, the Ethiopian Government has indeed commenced works and have a commitment to USD$ XXm for infrastructure works to the mine site: Roads, power, water.

How much of that has actually been spent is not clear.

The gold is in the ground, a mine will be established and an organisation will mine it. That may or may not TKGM and at this stage given the Government's previous warning and significant lengthy delays in TKGM being able to assemble finances, it remains very uncertain.

Assembling the finances has been going on for years. Even the last year there have been several highly confident forecasts set for completion of the financing that have been missed. Doesn't it make you wonder that something is amiss, maybe someone in a position of power doesn't want TKGM to proceed with this mine.

[katsy] 19/8/2021 16:15

Getting the feeling that the next deadline is Q4, but we'll be wishing everybody happy new year and saying let's hope the deal is soon.

[riotinted_specs] 19/8/2021 16:15

Yeah the government has started important infrastructural work to support the TULU KAPI mine. It's about 20 million

[pjj71] 19/8/2021 14:58

Have the locals opened their wallets for Harry yet???

[topicel] 19/8/2021 14:45

It'll work one day Rio ;)

Maybe you should send it to Harry?

Shortarm - how about a suspension then? They are not all bad, didn't EUA have one for 7 months or so and come out with great news and share price reaction? Mind yo, I think they'd also 10-bagged before that :(

Topicel

[bradley12] 19/8/2021 14:06

Thanks Rio,

I'd almost forgotten why I was here!👍ԅ14;

[shortarm] 19/8/2021 11:37

Less than five hundred thousand shares traded before lunch - it's almost like a suspension lol

[riotinted_specs] 19/8/2021 11:13

To NEW INVESTORS of KEFI GOLD and COPPER.The TULU KAPI gold mine formally received the green light from the Ethiopian Government (EG) in November 2019. There are to be no more permits, environment, security, economic or social considerations. The DFS has long been completed and the mine will open. Full final financial closure is imminently expected as expressed in the last RNS. All parties are in agreement including Ethiopian national, regional and local government bodies. The documents are sitting with the government banking arm, the National Bank of Ethiopia for final approval. The TULU KAPI consortium is well established and includes two of the mightiest African banks. The full funding amounts to over $300 million - much of which is in the form of bank loans.The EG are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, an airport, and also - nearing completion - is the 40 kilometre, 130 GW connection to the recently opened hydro-dam. All courtesy of the EG. The TULU KAPI mine - on its own - when in production will be the single largest net export revenue generator in the fastest growing country in Africa. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has had his hands all over this project. And nor is it a surprise that for extra care the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum 10x multiple of our current market capitalisation. This stock is grossly undervalued even when solely based on the TULU KAPI NPV for this single JORC Certified Gold asset. Even a 10x current valuation doesn't take into account all the other KEFI assets. It doesn't include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Nor the surrounding 1000km TULU KAPI catchment area where KEFI have first pegging rights. And we all know well that where there is gold there is more gold. KEFI have painfully earned this first movers advantage and when we look at subsequent KEFI Ethiopian mining phases there will be enormous cost efficiencies and increased profit margins due to the - in place - critical transport, military, mine and human resource infrastructure. These assets will all be within trucking distance. Regarding humans, never have I seen such a boot strapped social contract. This has included a comprehensive and detailed family by family relocation compensation assessment. KEFI have gone well beyond the government declared remuneration requirement with what equates to life changing money to said community. The kit houses have been ordered which further bolsters confidence that the project will go forward. Also, there is a clear mandate to employ Ethiopians and as such the Australian Mining Council, headed by our CEO, has been set up to educate and train locals.So this is definitely not some dodgy, early stage, fly by night, pie in the sky, 50/50, banana republic, exploitative mine with speculative AIM promises. It is rather a superb pre-production mining find, best explored and developed by an outfit both lead and full of Australians. The Aussies, as we all know are among the best miners this world has to offer. And for this particular Arabian-Nubian Shield belt geology, they are, without question the very, very, very best - evidenced by the huge pioneering successes of such mining on their own land. This is the real deal, and it's been inching forward for near on 15 years. There have been all sorts of challenges and impediments and jurisdictional instability and sweeping democratic much of which has been resolved by the 2018 Nobel Peace prize winning democratic reforms. There has been added frustration associated with being the first public private mine in a quarter of a century; not least the bureaucracy of being the guinea pig and ultimately the co-creator of regulation for a sector to which the Ethiopian Govt are now highly committed.And of course there are the phenomenal KEFI assets in the Saudi part of the Arabian-Nubian shield. In fact this is what initially attracted most long term investors, many of which are still here. It is looking like it will be upwards of 5 times of what KEFI have in Ethiopia. In just 9 months of drilling The Saudi Arabian HAWIAH exploration has now been declared as a World Class Copper asset. And with continued 24/7 drilling the inferred resources have doubled with much more expected soon. In short KEFI have uncovered an easily accessible, shallow depth, VMS Volcanic Massive Sulfide. A BIG mineral NUGGET which is incredibly rich in highly concentrated copper. As was quoted, it's shaped like a mattress on its side with an initial PEA complete. And even more assays are to come shortly as we continue to discover just how big and long this mattress is. And low and behold, there are five more additional huge nuggets. Let's hope they too are world class copper assets. And then of course there is JIBAL QUTMAN also in Saudi - another 730K ounces of gold. It will be incredibly profitable and quickly fund all sorts of future KEFI exploration and development costs. Its open pit and all in sustaining costs could not be lower at 600 USD per oz. Easy open pit stuff - just need to grab a shovel. The Saudis are - and will - continue to be an easier and less bureaucratic nation to deal with from a mining and resource perspective. They are much more sophisticated and accustomed to such foreign investment and have been so for over a century in the oil sector. Here again KEFI have first pegging rights that far exceed the specific area we are currently exploring. Early findings have copper grades upwards of 5 percent. This grade is 10-fold to that of many, if not most, of the world's largest existing profitable copper mines. Incidentally those senior global players will now go deeper into existing pits at much higher costs and half the grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential impact on profitability. All at a time when the worlds copper supply is dwindling, demand is increasing with Saudi oil production long past its peak. Hence the large government sponsored mining initiative that loans up to 75% of mining exploration and development. So KEFI would be on the hook for only 35% of that remaining 25%. Our extremely well connected Saudi partner, global conglomerate Artar footing the bill for the remaining 65% of the 25% - so not a huge capital outlay. Also, we are moving to an electrified world and away from fossil fuels. Exactly what Saudi Arabia needs and to note but a few examples.. electric cars, busses, and charging points, solar, wind and any renewable energy, the ambitious Chinese Belt and Silk Road infrastructure initiative with transport re-infrastructure across 68 countries. Add to that the multi trillion dollar U.S. infrastructure bill recently passed by Biden and the Democrats who now control all legislative branches of government. And with the Democrats there will certainly be a lot more copper dependent green energy. Copper, copper, copper.I reiterate my 6-9p forecast on news in hours / days, 12-15p near term rerate and minimum 40p within 15-18 months. I do not see any patience required for those that have invested from the mid to long term as we have this in spades. But for recent entrants, hold your position, then continue to hold - it will not be long now. And with rising inflation and unparalleled monetary and fiscal policy the price of gold is undoubtedly set to break upwards. The copper price has recently hit an all time high and is set to go plenty higher. It is going to be one one hell of a ride. You are coming in at a phenomenal price that will be much better than many of the long term, seasoned investors who - despite their grumbling - remain excited and hold their position. Welcome to KEFI GOLD & COPPER - please do ask questions.

[dicko80] 19/8/2021 10:39

Just found some loose change down sofa

In for 100k top up

[robjm66] 19/8/2021 10:29

Its ok Donegal only joking.

[donegal1997] 19/8/2021 09:35

Will still be my biggest position but just want to take a bit of risk off and I can see a pull back coming in markets which might lead to a few opportunities.

[robjm66] 19/8/2021 09:28

Know it’s stressful Donegal but the Van Gogh route will not help.

[donegal1997] 19/8/2021 09:07

I think I will slice a bit off if we don't hear anything by the end of next week.

[topicel] 19/8/2021 08:41

Hope so Est, and if so most by folk we have yet to encounter here...

Roll 'em up, ride 'em out!

Topicel

[estseon] 19/8/2021 07:45

Theaviator

The gold price mini-crash demonstrates how nervy the market is and it has been described as investors having one foot on the threshold of the exit door. The strategy is logical in that, if they respond quickly enough, they can still exit with greater profits than those that they could have booked when the market first appeared to be overheating. But it does mean that a lot of investors are increasingly twitchy.

Gold might not respond immediately - time and again, gold has dipped as holdings are liquidated to provide liquidity to meet margin calls. But that will provide a buying opportunity.

Assuming that the snails finally reach the finishing line, Kefi could provide a hairy ride over the remainder of the year because its share price will reflect and amplify volatility in the gold market.

I reckon an additional 10,000 posts on this chat page by 31/12/21 :-)