Member Info for ogm4

very exciting few months ahead !...

there's also increased interest over on twitter very recently, which bodes well imo

and timewise we might arrive at 6.5p a lot quicker than some anticipate

6.5 p is my first target

RNS from Sep

•   Statement by the Executive Chairman of KEFI and TKGM, Mr Harry Anagnostaras-Adams: "It is exciting that the Tulu Kapi Gold Mine development is starting and especially pleasing that it is in joint venture with both the Ethiopian Government and private sectors. All parties are completing the last-minute actions for next month's start of the 24-month development schedule to achieve full production in 2021.  This will be the first modern mine development in Ethiopia for decades and has taken great determination and collaborative effort by all parties, for which we are most grateful."

•    Statement by Ethiopian Minister for Mines, Petroleum and Natural Gas, H.E Samuel Kurke: "The Tulu Kapi Gold Project has full support from the Ethiopian Government at all levels because it is a priority for the country and community.  We work closely with KEFI and look forward to the start of development next month."

in combination with potential ground breaking exploration news from Saudi Arabia

Next few months will be pivotal for KEFI imo.

Not everyone has grasped this week's news, only a small step away from substantial funding exceeding the mc by far.

It's quite typical on AIM, after a number of false dawns the SP drifts and drifts lower.

However, this time I genuinely believe we're onto a winner here.
People will be rewarded handsomely over the next few weeks imo.

Watch this space…

Commenting KEFI's Executive Chairman, Mr Harry Anagnostaras-Adams, said,

"We are very pleased with this result straightaway with our first drill hole at the large Hawiah target.
This first drill intercept of massive sulphide confirms our exploration model and reinforces our confidence in the area's high prospectivity for gold and copper."

Cheers, I agree with news on two main fronts this could easily surpass 30-40 Million GBP.

Don't focus too much on previous SP's as you also need to take into account any dilution.

It's all about market cap.

KEFI Minerals to proceed with gold project in Ethiopia
Nov 8, 2019

https://miningreview.com/gold/kefi-minerals-to-proceed-with-gold-project-in-ethiopia/

Well, the Ethiopian Tulu Kapi Gold Mine about to start development.

The expected production is around 140,000 oz per year.
The NPV of open pit is 6-12X KEFI Mkt Cap, at US$1,300-1,500/oz.

I can only suspect if the results over time are exciting you might see a bit of similar pattern like what happened with GGP. Different political climate, but still.
As this is fresh SA exploration ground in a succesful case expect a lot of media attention also.

Very excited tbh

"The potential value of Hawiah is unknown at this early stage.

We merely know it is big and that gold & copper are present. "

Saudi Arabia

· Field work commenced during Q3 at the Hawiah Exploration Licence, within the Wadi Bidah Mineral District, by the KEFI-operated joint venture, G&M, as announced on 21 June 2019.

· As announced on 23 October 2019, the first drill hole followed geophysical and other surveys from the surface and intercepted a 15.8 metre interval (true width estimated at 8 metres) of massive sulphide at a vertical depth of 125 metres. Assay results are pending for this hole and will be reported in due course.

· The massive sulphide interval dominantly contained pyrite and chalcopyrite (a principal ore for copper), and minor bornite, with associated alteration and lithology consistent with that of a Volcanic Massive Sulphide ("VMS") system.

· This initial intersection confirms that VMS mineralisation is the source of the previously reported 5.5km long geophysical anomaly and that the mineralisation is copper bearing.

· The ongoing 2,500 metre diamond-drilling programme is designed to test this geological model and the geometry of both the near surface oxide gold mineralisation and massive sulphide copper target at depth.

https://www.kefi-minerals.com/files/presentations/kefi-update-presentation-30october2019.pdf

and no doubt more to.come

watch the after hours trades here...

this week still quiet but not for long anymore