Member Info for Fingersandtoes

Ethiopia mining looking to recruit 114 indivudals to deal with mining licences etc....
https://ayerbayer.com/ministry-of-mines-and-petroleum-vacancy-announcement/?fbclid=IwAR0UiJcoF7wDjSrS3bhr-QnM-NnkBoswz0pLsuN9zAbmf96VeQ8kl59PQr4

I think investors were not too impressed by our Saudi mine Assay as not much gold mentioned (Gold results still awaited - hope they are good/great) - but Barrick wants more copper and is prepared to sell a large part of it's gold mines to do so:
https://www.nasdaq.com/articles/barrick-seeks-to-eclipse-%241.5-bln-asset-sales-target-eyes-more-copper-2019-11-18

Saudi -Barrick’s Jabal Sayid Mine (which was discovered as a VMS), 99M t 1.2% Cu; 118,000t Cu. In 2014 Ma’aden paid $210M for 50% of it. Our HAWIAH mine (about 200km south of Jabal) has shown the same 1.2% Cu. and we have 23 more VMSs to check-out. Wonder if Harry and our Saudi partner will share the Assay results with Barrick to see if they are interested in a JV. Barrick will have c$1.5B to spend......

bunsenburner - it was May 2018 - well worth watchng the whole video but the particular piece about the extension licence areas - go to 9m 25secs in.
https://www.youtube.com/watch?v=GDYXX_szxAk

Bonker99 was spot on (well only out by a couple of days) on this rise - see his chart for Koovs at www dot bonker99 dot com/chartpictures?chart=KOOV - he even had a date of 18th Nov 2019 (well that is Monday)!!!!

I think that Kefi has much much more that anyone realises and the current suggestions of 5p, 10p are way off the mark - more like 50p + I would say.
Ethiopia
Kefi's licence 'The Exploration Licences held by KEFI Minerals (Ethiopia) Limited cover an area of approximately 200 square kilometres over and near the Tulu Kapi deposit.' 200square KM!!!!

Around 50km away from Tulu is an estimated 'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu
at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now.

SAUDI
In Saudi -Barrick’s Jabal Sayid Mine (which was discovered as a VMS), 99M t 1.2% Cu; 118,000t Cu. In 2014 Ma’aden paid $210M for 50%
Our HAWIAH mine (about 200km south of Jabal) has shown the same 1.2% Cu. and we have 23 more VMSs to check-out.

Appreciated that much more work required but I can see why this is encouraging (as per the RNS).

So I would not discount this at zero. Hope the Gold Assay results (due soon) are very good as had shown up to 24g/t previously.

Degsy, it must have been an amazing time and I just watched the latest solg video from last week - the assay results in Ecuador are out of this world and if they can start producing from that mine soon they should do very well (12m oz in just the current nine and they have loads more to explore). I am hoping that Kefi can expand to something like that in the future.

In a video with Proactive Harry said that once the work has started on the mine then Kefi will start to explore the other areas within their license area - so the value of the company has great potential to increase in the future.

I would think that Harry and some of his people will attend this. Kefi is probably one of the highest profile companies in Ethiopia at the moment....
https://www.africa.com/ethiopian-government-to-unveil-mining-sector-reforms-to-lure-new-investors-at-eimc-2019/
We were listed as a sponser for the last one ......
https://ametrade.org/miningethiopia/sponsors/

Or -
I Would Not Want To Be Out Of This Before The Weekend

Given the signing announcement yesterday there will only be good/great news from here on. Hopefully the Gold assay results from Saudi will also be great.

GLA

Not sure if it was already reported - the translation of the piece from 7th Nov by Dr Samuel below
A consultative forum of executives is underway in Hawassa to solve the gold and other export problem of mining and mining sector. Key statement was 'investors who are licensed to develop our mineral resources should be supported and investment protection in a manner that ensures mutual benefit'.

We seem to have built a great relationship with the goverment, which should also be very usful in any future mineral licence round - not just Gold. Harry put in place the fantastic Copper deal (back in 2014/2015) that has made Atalaya Mining the £265M CAP company it is today. So although our Ethiopia Gold is fantastic I don't think that will keep Harry happy, I think he thinks very very big and will want Kefi to be at least as big as Atalaya - IMO.

BTW - if you zoom in on the picture of Harry signing you can just make out what it says on the paper - says KEFI gets first option on any future licences ......OK only kidding on that one -:)

TRANSLATION
Speaking at the conference, Minister of Minerals and Oil, Dr. Samuel Urukato, Hon. Hon. Suggestions are being discussed to increase the income from mining and create more jobs by addressing mineral problems in the region.

At the opening of the forum, Minister of Mines and Oil, Dr. Samuel Urukato, said that the state should guide this resource with knowledge and responsibility in an open and transparent manner, as policy and planning are underway to update the sector. He said investors who are licensed to develop our mineral resources should be supported and investment protection in a manner that ensures mutual benefit. The higher education institutions have also intensified their research on the mining sector and called on the sector to play a positive role for citizens and to play a role in the economic development of our country

PS - obviousely the 2012 did not translate well

Just in case anyone wanted to know where the statement from the 'Ministry of mines and petroleum' came from - it was on their FB page, which is followed by 4,700 people. It was issued 4 hours ago and It is best to cut and past the text into Google Translate and it says:
For all media organizations
Addis Ababa

The Ministry of Mines and Oil has signed a Memorandum of Understanding with a major mining company and the Australian Institute of Geology to develop a competent and competitive human resource in the mining sector.
Therefore, on Thursday, November 27th, 2012, we will announce that you can attend our office in front of the Amateur Park at 8:00 am and take additional information.

We are still waiting for the results of the HWD_002 hole and hopefully these will be good/great - hopefully at least as good as below. 'HWD_002 targeted the near-surface gold-bearing oxidised zone. Assay results are pending for this hole.'

In February 2015, KEFI completed a first-pass, wide-spaced trenching programme over the gossanous horizon. KEFI’s trenches repeated all of the BRGM’s trenches, as well as extending the known (4.5km) exposure to the south and to the north. All of KEFI’s trenches contained anomalous gold, including 6m at 2.2g/t gold, 2m at 8.7g/t gold, 6m at 1.9g/t gold,3m at 5.8g/t gold, 2m at 7.5g/t gold and 8m at 3.0g/t gold.

Also (know that this is probably based on nought) but if you google 'kefi minerals share forecast' it brings you to a page on the FT which says 'The 2 analysts offering 12 month price targets for KEFI Minerals plc have a median target of 10.30, with a high estimate of 15.00 and a low estimate of 5.60. The median estimate represents a 456.76% increase from the last price of 1.85' - Oh please let this come true - Lol

Chart says 2.289 to beat today and then next stop 4.3p.

Sp movemnets very like yesterday with either CLN or some short term investors offloading and then the sells running out and off we go (hopefully) GLA

a single share as once the papers are signed in Ethiopia and funding released it will be impossible to get back in at these levels, and then the sp will carry on going up and up. Also there are 24 x VMSs in Saudi to be explored not just the current one. GLA

When Kefi was at 0.79 Bonker99 produced a chart showing next step was 1.2p. This was met. His next step up on the chart was 1.83 - now met. Next step is to 2.289p, hopefully tomorrow.

www dot bonker99 dot com/chartpictures?chart=KEFI

Kefi (also commonly spelled kephi) has been described by various Greeks as meaning the spirit of joy, passion, enthusiasm, high spirits, overpowering emotion, or frenzy. Kefi takes many forms and is usually, but not always, associated with the expression of positive emotion or fun....

Think we have had some of those things today....and hopefully the frenzy will continue upwards over the coming days and weeks.

Just in case anyone missed the post yesterday - here is a 350g nugget from our mine in Ethiopia (far left)
https://www.mindat.org/loc-290930.html worth about £12K - so lets hope there are plenty more of those to be found.

Also, to see where our Hawiah Saudi licence area is - see map below (Wadi Bidah Mineral District)
https://www.researchgate.net/figure/Location-of-Wadi-Bidah-Mineral-District-within-the-Asir-terrane-of-the-Arabian-Shield_fig1_315772361

Which is south east of these Saudi gold mines - the biggest of which is Al-Duwaihi, proucing 180,000oz per year...
https://www.google.co.uk/maps/search/saudi+gold+mines/@22.723635,40.3466605,7z

Lest hope our mine does something similar....
GLA

Me too

BTW - Last week Bonker99 chart predicted 1.2 as price to hit - and so it did. Next price to beat is 1.83 then 2.289, 4.3 then 5p
www dot bonker99.com /chartpictures?chart=KEFI

deos, please do your own research before buying. I am only since 2 weeks ago but have spent a lot of time researching (but I am sure others are in here from a lot longer and more knowledgable that I am). Basically kefi are in Ethiopia and have been waiting for years to get the go-ahead to start mining their gold mine licence who's initial value is c£88M (with virtually no cost to kefi) and there may be more gold lower down. Once up and running it will be Ethiopia's biggest export PA. Last week the final issues were overcome and it's now time to proceed (once papers signed). Also, we are exploring in Saudi where we have 24 x VMSs in our area and the first has been drilled and we are waiting the results (Gold, copper etc) hopefully within the next 2 weeks. So for a £9M cap it's way too low and currently stated (by chairman) as x6 to x11 time too low - so plently of upside. Please DYOR

ogm - wow, well found I had not seen that before - all I can say is OMG -:)