RE: Party Over!7 May 2024 07:33
There won't be spike in SP imo until the finance is actually signed off. The SP of many AIM companies would would see a positive SP response on this RNS but we've had too many false dawns here, BUT, i do like the following!
"Combined open pit and underground production is targeted at +/- 200,000 oz p.a. of gold production which now represents an estimated gold export revenue of circa US$400 million per annum (assuming a gold price of $1,965/oz), which would today be Ethiopia's largest single export generator and a significant economic engine for local and regional benefits.
"With projected all-In-sustaining costs of approximately US$860/oz and break-even costs (after all debt-service) of approximately $1,200/oz, this presents a solid position for generation of net cash flow to KEFI. With a now-targeted KEFI beneficial ownership 80%, this represents net cash flow entitlement to KEFI of approximately £63 million (US$74 million) per annum over the first 9 years, commencing from H2 2026."