You've missed the middle bit out, "between system to deeper levels where there is a" and "Drilling continues at Jibal Qutman"
Which is : "greater enrichment of the precious metal. To test this theory, a new drill rig began operating in december to deeper levels than previous work, the results of which will be published this month"
T he 36% decline in Saudi Arabia-based Kei Minerals (KEFI:AIM) since late October 2012 provides a speculative buying opportunity ahead of drill results later this month from its Selib North gold prospect. A maiden resource statement is also expected in the irst half of 2013 on its Jibal Qutman project. While the resource will probably be small, it will help the market to ascribe a more accurate valuation to the business. The £15 million market cap has found a series of rocks with gold mineralisation at Selib which it believes are a plumbing system to deeper levels where there is a Drilling continues at Jibal Qutman which managing director Jef Rayner anticipates will become a small but proitable mine once further exploration is completed. He believes there is potential for Kei to prove up a lot of small deposits in Saudi that can be exploited using a mobile, modular processing plant. Kei is well funded with £2 million cash in the bank. It efectively has access to £5 million cash because all the work is done through a 40:60 joint venture with Saudi construction group Artar which pays its share of exploration work. Shares says: SPECULATIVE BUY Kei Minerals at 3.15p. greater enrichment of the precious metal. To test this theory, a new drill rig began operating in December to deeper levels than previous work, the results of which will be published this month.
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