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The 120,000 is the ounces of gold that TK will generate per annum.
Simple maths
120,000 at $700 profit ($1,800 gold price and $1,100 costs) is $84,000,000 or divided by 1.3 is £64,500,000.
Times £64,500,000 by 0.45 to get Kefi share of the TK mine is £29,000,000 profit per annual to Kefi from TK from 2022 or a full year from 2023. TK will last for 7 years so that £29m x 7 which is £200m profit over 7 years from 2022-2030.
That’s not including underground at TK and ignoring Saudi which is already as big as TK, and surely bigger as it open at depth, which means when we have more money to drill deeper, we will know how big, deep and thus how valuable Saudi is.
Is my maths wrong, it’s hard to make up a forecast for revenue and profit for the 2022 and 2023 but I think the £29 million from TK is possible.
Any ideas??
You can have many informed posts without pumping. SOLG board is a good example of v educated discussion that helped me when looking at it, just happens to have a lot of interested PI investors.
A good share doesn't need pumping. The more posts the more concerned people should be. I am talking about BB's on here generally. How many times have you seen a share pumped only for a big fall to occur and all you see are people hazing their losses.
It’s a chat board. Purpose is to chat and debate, esp as this is likely a significant holding for many of us. But obfuscating/washing away discussion with reams of content more efficaciously linked to on the website (or indeed already posted as you say) is a different matter.
Why not just post a link to the website rather than post its entire content on here? This is desperate pumping stuff in a share that doesn’t need to be pumped given the compelling valuation. It’s just embarasssing.
Half the market cap of Condor with 2x the NPV. Done. Some very insecure holders on here
The Jibal Qutman Exploration Licence ("EL") is located in the central southern region of the Arabian-Nubian Shield and covers an area of 99.9km2. The EL overlies part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.
KEFI Minerals completed a Pre-Feasibility Study (“PFS”) on the Jibal Qutman Project in 2014. The PFS demonstrated a profitable carbon-in-leach (“CIL”) operation with All-in Costs (including operating costs, capital expenditure and closure costs) under $1,000 per ounce.
Exploration drilling subsequently identified additional oxide gold mineralisation that is amenable to heap leach (“HL”) processing. Accordingly, the Company subsequently evaluated producing gold via an open cut, HL operation. The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.
Given the established regional prospectivity for shallow oxide gold deposits, EL Applications have been submitted for four additional areas near Jibal Qutman. Information on Jibal Qutman's geology and mineralogy is available in this conference poster.
Drilling undertaken since the EL grant in 2012 has identified gold resources in seven areas - Main Zone, West Zone, South Zone, South Zone Southeast Extension (“SZSE”), 3K Hill Zone, 4K Hill Zone and Red Hill.
In May 2015, KEFI released an updated Mineral Resource estimate of 28.4 million tonnes at 0.80g/t gold, containing 733,045 ounces for Jibal Qutman. This represents a 48% or 237,851 ounce increase over the March 2014 resource estimate for Jibal Qutman.
The oxide gold mineralisation contained with the above Mineral Resource is estimated to total 11.1 million tonnes at 0.80g/t gold, containing 287,000 ounces.
Preliminary Economic Assessment for Jibal Qutman HL Operation
Metallurgical test work has confirmed that Jibal Qutman oxide mineralisation is amenable to HL processing and that agglomeration is not likely to be required apart from the South Zone deposit.
The oxide gold mineralisation contained with the above Mineral Resource is estimated to total 11.1 million tonnes at 0.80g/t gold, containing 287,000 ounces.
Metallurgical test work has confirmed that Jibal Qutman oxide mineralisation is amenable to HL processing and that agglomeration is not likely to be required apart from the South Zone deposit.
Jibal Qutman EL
The Jibal Qutman Exploration Licence ("EL") is located in the central southern region of the Arabian-Nubian Shield and covers an area of 99.9km2. The EL overlies part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.
KEFI Minerals completed a Pre-Feasibility Study (“PFS”) on the Jibal Qutman Project in 2014. The PFS demonstrated a profitable carbon-in-leach (“CIL”) operation with All-in Costs (including operating costs, capital expenditure and closure costs) under $1,000 per ounce.
Exploration drilling subsequently identified additional oxide gold mineralisation that is amenable to heap leach (“HL”) processing. Accordingly, the Company subsequently evaluated producing gold via an open cut, HL operation. The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.
Given the established regional prospectivity for shallow oxide gold deposits, EL Applications have been submitted for four additional areas near Jibal Qutman. Information on Jibal Qutman's geology and mineralogy is available in this conference poster.
Mineral Resource Estimates for Jibal Qutman.
Drilling undertaken since the EL grant in 2012 has identified gold resources in seven areas - Main Zone, West Zone, South Zone, South Zone Southeast Extension (“SZSE”), 3K Hill Zone, 4K Hill Zone and Red Hill.
In May 2015, KEFI released an updated Mineral Resource estimate of 28.4 million tonnes at 0.80g/t gold, containing 733,045 ounces for Jibal Qutman. This represents a 48% or 237,851 ounce increase over the March 2014 resource estimate for Jibal Qutman.
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Jibal Qutman EL
The Jibal Qutman Exploration Licence ("EL") is located in the central southern region of the Arabian-Nubian Shield and covers an area of 99.9km2. The EL overlies part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.
KEFI Minerals completed a Pre-Feasibility Study (“PFS”) on the Jibal Qutman Project in 2014. The PFS demonstrated a profitable carbon-in-leach (“CIL”) operation with All-in Costs (including operating costs, capital expenditure and closure costs) under $1,000 per ounce.
Exploration drilling subsequently identified additional oxide gold mineralisation that is amenable to heap leach (“HL”) processing. Accordingly, the Company subsequently evaluated producing gold via an open cut, HL operation. The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.
In Saudi Arabia, our Hawiah Project is a significant copper-gold discovery and follows our earlier gold discovery at Jibal Qutman, for which we have lodged a mining licence application. We have registered applications for exploration of other areas selected from our proprietary database, aggregating more than 1,000 square kilometres in Saudi Arabia.
https://www.kefi-minerals.com/strategy
This includes a map which shows where everything is.