Kefi's 2 million ounces of gold alone is mind blowing...30 Jan 2024 15:10
If we convert 2 million ounces of gold at today's gold prices, we will get a ridiculous and astonishing figure:
2 million Oz @ £1577 per Oz we will get a figure of £3,155,471,190.
So that's £3.155 billion for the gold alone at this stage of the development.
If we assume £34 cost per Oz (because kefi so far spent £68million in total on this gold projects) that's 2 million x £34 cost which is the 68m.
£3.155 billion minus £68 million cost = £3,087,471,190.
Lets say it costs a whopping 50% extraction and refining costs including machinery, wages, smelting, transportation, storage etc, this would be £3,087,471,190 ÷ 2 which would equal £1,543,735,595.
Lets say Harry alone eats £43,735,595 between his pals and the Ethiopian folks, we would be left with £1.5bil valuation on just the 2mill ounces of gold.
This is without anything else added.
If this isn't worth the long term, and not worth holding on for project finance in TKGM, then I dont know what else is.
I know what I'm gonna do, load and wait.
GLA