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do you want my bank account details too? 2.049, just after 1pm, just to make you happy
Negativenergy - IG. Just as I answered below...
UKInvestor - where is Kefi’s gold again? What price does it attract? How much are the capex costs? How long has it taken to get here? Kefi is no way cheap, and Alba is no way expensive. Alba’s gold can fetch 200/300% premium, mine already exists, it’s based in UK. It’ll have huge media exposure etc. Kefi is unknown.
Negativeenergy - IG
wise words Simms and Dave
Valu Finder... We are all quaking in our boots with the short. Lol
Almost impossible to compare alba and kefi directly today. All i can say is both are undervalued and one is being pumped up as many are in the early buzz days, maybe lth holders of kefi can reminisce. Certainly Kefi has as much to gain in the short-term if we get the finance RNS. However the good thing with Kefi, subject to that pesky finance we pretty much know the lay of land and will see the steady rise up to NPV by 2022 which is around 6x todays valuation. For Alba there will be plenty of pumps and bumps along the way and some will do well trading the ups and downs but most will probably work out that until you have that PFS and permit its a long way from production.
VF, if only you knew the answer to the second q.
Tbf though, ALBA is valued £10m less than Kefi only, but Kefi has 1-2m oz gold and 100skt of copper.
Either Kefi is much too cheap or Alba much too expensive.
I think this will head to 1p soon. Short opened. You guys are doomed. Buy Alba for better performance.
PositiveEnergy - have you opened the short here yet? Market cap here is massively inflated
ok that is funny
I think Kefi looks good value compared to ALBA, can't understand the rise on that one.
Mr U.K. yes I’m still holding but mr pe is still spreading doubt on this board relentlessly bashing kefi
What ever floats his boat
you're holding Overmans?
Pe I see you want kefi share price to drop so you can get in again so blatant
WE are nearing the end of the month and we should expect some news update anywhere between next week onwards for probably 2-3 weeks. We could well get some exciting news next week but we will see. I did think the reason for putting out 2 RNS in a single day, that is quite unusual was to give a bit of space to the next news. Have a good weekend.
Kefi Gold and Copper (KEFI) has announced half-year results, but also more significantly “Hawiah Preliminary Economic Assessment”. The results showed cash at 30th June of £2.1 million, with administration expenses coming in at £1.6 million, and Hawiah is a project in Saudi Arabia with Kefi the operating partner of a joint-venture in which it owns 34% and it emphasises the preliminary assessment…
…“confirms Hawiah is a high priority project, with a significant maiden resource of 19.3Mt at 1.9% copper equivalent in-situ (0.9% copper, 0.8% zinc, 0.6g/t gold, 10.3g/t silver), after only seven months of initial drilling; the maiden resource alone potentially supports a production rate of 2 million tonnes per annum for seven years for net operating cash flow of c.$70 million p.a. at current metal prices. After initial and sustaining capital expenditure of c.$222 million and c.$46 million respectively, this would indicate an estimated net cash surplus of over $200 million before financing costs and tax; and clear potential for expansion of resources with further drilling below the currently drilled depth of 350 metres of this structurally consistent tabular structure. A doubling of the resource with material of similar characteristics as the maiden resource would indicate an estimated net cash surplus of over $500 million before financing costs and tax.”
There is now a work programme for further exploration and development, with further drilling to commence in the next quarter but at a 1.865p share price, the Kefi market cap is below £35 million. That is also with the Tulu Kapi gold project in Ethiopia, where “the focus remains on continuing offsite development activities, the closing of the full project funding package in October 2020, resettlement commencing in Q4 2020, site construction in early 2021 and for gold production to commence in 2022” – we previously noting at $1,400 and $1,700 gold respectively and an 8% discount rate, the company notes attributable Tulu Kapi NPV’s of $105 million (£85 million) and $180 million (£152 million).
As such the current valuation is crackers. At up to 2.5p, still a strong buy with a target of 4.5p. (Hotstockrockets).