Kefi Gold And Copper Share Discussion Threads

[sussexlibran1] 18/4/2021 10:49

@belfastboyo - I am in agreement - end of May - if there is any sniff of another delay to funding then Harry MUST go - I mean, how many chances do you give an overpaid, over-promising under-delivering CEO? I initially invested in 2012 - so after 9 years I'd like to see this millstone round my neck removed. Here's hoping Harry can FINALLY deliver by this new deadline.

[riotinted_specs] 18/4/2021 10:12

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 expected to be imminent - no later than this June as expressed in the latest RNS . All documents are sitting with the Board with terms sheets already agreed awaiting approval of all final terms. This is a well established consortium that includes two of the mightiest African banks. The full funding amounts to 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 the 40 kilometre, 130 GW connection to the recently opened hydro-dam is nearing completion. 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 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 shows huge confidence that the project will go forward. 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, 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, such as jurisdictional instability, which has now very much so been resolved by dramatic, sweeping, Ethiopian 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 Saudi Assets in that part of the Arabian-Nubian shield. This is what initially attracted most long term investors of which many are still here. It is looking like it will be upwards of 5 times of what KEFI have in Ethiopia. In just 7 months of drilling SAUDI HAWIAH has now been declared as a World Class Copper asset. 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. 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 700K 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 peak Saudi oil production long past. 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 imminent multi trillion dollar U.S. infrastructure bill to be passed shortly 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 now moving upwards. The the copper price is at a 10-year high and rising - it will be 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 remain excited. Welcome to KEFI GOLD & COPPER - please do ask questions.

[riotinted_specs] 18/4/2021 10:04

Bad idea Belfast - https://youtu.be/mGfBEnBw01A

[riotinted_specs] 18/4/2021 10:01

He refers to either first or second cab off the rank for Saudi assets. Regarding TULU KAPI in Ethiopia we are first cab off the rank

[robjm66] 18/4/2021 09:44

Think he should be in a less marketing PR shareholder facing role after TK is over the line. The reality is though by then I will be in a very small minority as he will be more or less untouchable on the back of that success and the projected Saudi success.

My reasoning is not that he is a great or terrible leader but that Kefi should have a better communicator in place in the company that could help fight off any takeover attempt.

Post TK Kefi going to be more of a target as the heavy lifting would have been done and anyone eyeing up the company going to know waiting till more progress in Saudi is going to mean paying a lot more for the company.

Having waited this I long want my ten bagger.

[shortarm] 18/4/2021 09:16

The last shareholder action I was involved in succeeded in blocking the CEO from his chosen path - cost me about 80K in share value.So - I'll be backing Harry until it's all done and dusted and we have TK and Saudi going great guns!

[belfastboyo] 18/4/2021 08:53

The Reddit and #wallstreetsilver youngsters have shown what is possible if and when small investors pull together in a common cause & shown that the voices of the many can and will be heard...shareholder activism can be a very powerful force if applied in the right way...I want the company to succeed and have a huge vested interest in it doing so I am drawing the line for funding pre June...and no more excuses

[theaviator] 17/4/2021 19:10

Great so we now have a processing plant. No excuses now Arry...

[sweetwaters] 17/4/2021 19:04

Yes we could get 5%, little doubt at this stage.

Yes I would like swap out Kefi's national football league equivalent executive management team for a premier league quality management team.

A Pep equivalent, with a proven track record of development and credibility would see a huge positive re-rating of the Kefi share price Would I like that, hell yes.

The world class research and exploration to-date has little to do with current exec team. It's a position Kefi Plc board could find an alternative, well connected and credible alternative team to lead and manage.

[shortarm] 17/4/2021 18:33

I have over 15 million and I vote Harry for president of persistence!

[goatherd] 17/4/2021 17:16

BB,

Any such move would mean an immediate, and very substantial, loss of price. (My guess would be a halving). Is that what you really want?

Indeed do you think you could get even 5% to agree?

[robjm66] 17/4/2021 16:52

BB We have the webinar on 27 April 2021 would think harry will have a very rough ride unless he can show some titbit that reassures people things are on track in Ethiopia by then.

[scrappycat] 17/4/2021 15:39

BB,

I think, and hope, you don't need to worry. This is the first time he has gone for alternative funding, and I can't imagine the prospective funders being backward in coming forward given Kefi's asset potential. I think the long wait is nearly over.

[robjm66] 17/4/2021 11:55

Ethiopian election 5th of June so they will want good news they can announce before that.

[pennstreet] 17/4/2021 11:31

The funding rns could drop anytime. They won't necessarily wait until end of June

[robjm66] 17/4/2021 09:31

On the subject of coincidence wonder if it is Chinese money going into setting up the gold centres after their change of policy over gold imports. Anyone got any theories why the change of policy over gold by the Chinese?

[robjm66] 17/4/2021 09:26

Think the idea is to have a network of mining processing and trading centres across most of the country including Kefi region Topical that way they can cut down on the smuggling and the middle men making most of the money.

Noticed that after the borders were shut the gold revenue suddenly shot up.



“It's amazing how little they benefit compare to how hard they work because of the informal value chain and involvement of the middle men.. It is time to formalize and reform the ASSM”

Was talk of a gold market at Gimbi which is close to TK.



“The surveyor has been taking different measures to boost the national income from mining sector in addition to provide different professional with supports to explore and drill mining. To this end, it has been carried out inspection at nine gold market centers to supply the market with quality gold mine via National Bank of Ethiopia over the past seven months.”

As Kefi are looking to have a mining district rather than just one mine makes sense for Ethiopian government to put in the infrastructure.

Happily and by pure coincidence the timing of the survey means the mining minister can tour the country explaining the literal golden future for the locals just before the national election.

Of course all the centres will cost money to put up but will more than pay for themselves a bit like TK.

[topicel] 17/4/2021 08:36

So the idea is to truck gold ore to this facility? Or is it entirely separate and more for that area of the country? - nice and peaceful there too I see :(

Is that why Harry refers to us being second cab of the rank sometimes?

I like the ambition to jump from $265m export earnings now to $17b by 2030. If Kefi via TK and surrounds is instrumental in that then we are finally seeing some action underway with this processing plant formally underway.

Here's hoping we are next in May with a nice ceremony...

Topicel

[robjm66] 16/4/2021 21:59

hxxps://ethiopianmonitor.com/2021/04/16/ethiopia-begins-building-355mln-gold-processing-plant/

[theaviator] 16/4/2021 18:27

Yes even somewhere between your 900 and there Rio would be dandy. Have a great weekend.

[theaviator] 16/4/2021 18:06

My 1100 below is AISC consolidated which may be a little on the high side BUT I think it's perhaps wiser to calculate on this basis. (Not over promise under deliver ;)

[riotinted_specs] 16/4/2021 17:27

The number you should be looking at is the cost to get it out of the ground whatever the grade. JIBAL QUTMAN would comfortably be in the lowest one or two percent of gold mines at 600 USD per oz. TULU KAPI is at roughly 80O USD per oz and would be comfortably in the lowest quartile. That will move up due to the royalty we will be paying to the Ethiopian Government. But in simple terms and - for Goatie - who does not like too many words. If gold goes up as it is right this second with a key breakout at 1780 then our royalty burden goes up. If we end up paying all in sustaining costs of 900 per oz due to big gold rises then there will be increased royalty but we will be very, very, very happy.

[robjm66] 16/4/2021 14:59

Yes Estseon the expert re gold price

Exclusive: China opens its borders to multi-billion dollar gold imports - sources