Kefi Gold And Copper Share Discussion Threads

[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....

[goatherd] 17/11/2019 19:04

Any price predictions are very unreliable.

If they do not say the timescale they are totally useless.

W have both traders and long term investors here - so price predictions range from 2p to 50p! Both could be right.

[andysand] 17/11/2019 18:57

I predict high volatility. I notice there is a lot of chatter on twitter so plenty of spikes and falls. Overall trend will be up though for the next few months in my opinion.my own target is for around 8p next summer.

[sweetwaters] 17/11/2019 18:44

1) Clear communications of the extent of EXISTING non-drill research (Geophysics, trenching). There's a lot the company are aware but which shareholders are not.

2) Set expectations re level of Plc dilution for research with the drill bit or even better confirm no dilution. Leverage TKGM for TK and Artar for Saudi.

3) Success with the drill bit over the next 12 months to re-risk the research and add resource.

[....] <--- enter share price predictions here if you feel inclined or wait and let it unfold.

[andysand] 17/11/2019 18:36

There is one more variable. The price of gold. It has really gone anywhere for some years. It could go to 2000 dollars given the right conditions.So, there are many unknowns here. Apart from one. Chances of hitting 4-6p are extremely high.

[divmad] 17/11/2019 18:21

So it's all about success with the drill bit, both in Tulu Kapi and SA. Nobody said anything different, is my understanding . But just to be clear, that is EXACTLY how Solg started its ascent in 2016. I wonder if Lurker with his sharp pencil could have argued for a 45p share price 15 months later?

[smackeraim] 17/11/2019 18:16

Agree. That's just for open pit.

[1deedee] 17/11/2019 18:09

Lurker5 that's a good look on short-term but what about the 200km exploration around tula and then we have Saudi Arabia not ramping just looking at what we have and we have a lot to look forward to

[lurker5] 17/11/2019 17:57

Rampers on here seem not to understand its not the share price that counts. Its the market cap. Solg way back had a tiny no of shares in issue, so historical share price is meaningless. Tulu Kapi has only a 7 year life, where production tails off half-way through. Edison's valuation is based on total earnings on that short period. Beyond that, exploration spending will cost $ millions before SA delivers anything (if anything)

[block4gooner] 17/11/2019 17:54

OkI'll take 24 quid a share then:)

[divmad] 17/11/2019 17:40

Just a reminder for everyone who is interested in historical FACTS.

In December 2015, the last updated RNS from Solg detailing Total Voting Rights, stated that there were 823mn share o/s. Hence a MC of £13mn at the start of 2016, immediately prior to the exploration drilling results-inspired share price liftoff.

What an uncannily similar stock profile to Kefi today!

Note, no reserves, no production, no delineated resources -at that time.

If the drillbit discovers, delineates and is corroborated independently, and is financed along the way to prove up a 1mn+ resource in Gold and Hundreds of thousands of tons of 1%+ Cu ore, then what value Kefi then?

Never say never, I argue. Everything is to play for, at the foothills of this dual-country evolving story.

[1deedee] 17/11/2019 17:32

Solgold mid 2016 went from 1 50 roughly 24.0 when gold price was $1,350 an ounce gold is much higher at the moment and future expectations look good on and very bullish this could go anywhere guys

[robizm] 17/11/2019 17:29

There are nearly a billion shares in issue so for £500 million market cap Saudi would have to produce something extraordinary. Solg gold has multiple holes of copper and gold over a kilometre and has already got a resource of many millions of ounces of gold and tons of copper and it is currently worth £344 million

[oilisgold] 17/11/2019 17:29

Tidy, 1p on SOLG . A chap called BROKENOVICE.COM was screaming for many to buy there at 1p. In AIM long term is no go for me. Kefi i bought in 2013 and left them as a write off. 7 years is a long time.