We're on our way boys and girls. Well done to all who have been in here since 2008 and bought in at sub 1p. The potential value of shares here is absolutely mindboggling and I sometimes have to rub my eyes to see if I am not dreaming and yet the market has not yet realised what is going on here. Be prepared for a very large re-evaluation here very soon which will easily break the previous high of 10p.
dont know how to post it from my phone. Basically its entitled one for the gamblers and tells us what we already know re results from selib north. Says that they are expecting big things from jibal qutman. Goes on about new licences and tie in with artar. Goes in to rayners background and praises him to the hilt.
From The Daily Mails "This Is Money" website - Midas extra column.
SHARE TIPS - ONE FOR THE GAMBLERS: Winter could prove a golden season for exploration firm
By GRAEME DICKSON, MARKET TRADER AT OPTIVA SECURITIES All By This Author - 31/10/2012 16:46:43
The months of November and December have historically been pretty good for gold related equities over the years.
This winter, one gold exploration company that might be worth jumping on board with, particularly after some of the speculative froth has recently been blown-off, is Kefi Minerals (KEFI).
Kefi’s share price has appreciated markedly in the last four months as the market becomes increasingly excited about its drilling prospects in Saudi Arabia together with improved sentiment towards the gold equities sector.
KEFI has established two projects from within its first four exploration licences.
Its first exploration project, Selib North, has yielded good results already following 928 metres of drilling, spread over eight holes.
The results included an 11 metre intersection at 3.11 grammes/tonne gold; two metres at 3.16 grammes/tonne; and a one metre intersection at 38.66 grammes/tonne. The gold mineralisation has been found within a series of pyritic dykes which are coming off an intrusive body below surface.
Essentially the indications suggest that the deeper the miners go, the greater the concentration of gold it will find.
While the company awaits the remainder of the results from Selib North, it is now shifting its attention on drilling the next project, Jibal Qutman, where there is said to be a significant outcrop of gold that is expected to extend for several kilometres.
Initial drilling results should be out end November or early December. Overall the company expects a maiden resource calculation as early as next year.
What is just as exciting is that as the gold is relatively close to the surface, the expectations of an open-cut mine are high (and the associated lower costs of extraction with open-cut mining) together with underground potential.
All of Kefi’s Saudi operations have been done in partnership with Saudi conglomerate ARTAR (Abdul Rahman Saad Al-Rashid & Sons Company). KEFI, which acts as the operator, owns a 40 per cent stake in the Gold & Minerals (G&M) Joint Venture.
ARTAR owns the other 60 per cent, and having a Saudi partner facilitates Kefi in winning licences on more favourable terms, compared to mining licences that are applied for solely by foreign entities.
By the end of the year, it is expected that Kefi will have one of two additional mining licences granted. Kefi is led by the well-regarded Jeff Rayner, a geologist by profession who has served for BHP Gold and Newcrest Mining.
He was involved in the early exploration discovery of the Gosowong epithermal deposits (Indonesia) and the Cracow and Cadia Hill deposits (both in Australia), currently all of which are operating mines.
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