Here is the gem2 Dec 2019 08:20
minimum value 101 mil WITHOUT deep mine WITHOUT Saudi and WITHOUT any possible future exploration of the site. Totally awesome and probably my best share thus far ! congrats lth and welcome back to the herd :)
"On this basis and after taking into account that KEFI has already invested nearly all of its contribution to the Project equity, KEFI's 45% beneficial interest is US$130 million (approximately £101 million), about eight times the current market capitalisation of the Company.
This does not include further potential upside offered by exploration underground where extensions of the 5.6 g/t Indicated Resource remain untested, in the adjacent Tulu Kapi district, where several areas of drill-intercepted pre-resource mineralisation require follow-up and in Saudi Arabia where drilling is currently intercepting massive sulphides in a large Volcanogenic Massive Sulphide occurrence."