Member Info for Positivevibes

https://youtu.be/ptfmg-ZCWls

Under the radar bargain

23% of shares with a FTSE 100 major - ex chairman of Rio tinto on the board - multi assets that's could be company making - loading and holding

My 13966 top up also showing as a sell

Bring on cottesloe Aerial survey shortly too - WSBN second 12km asset in the Paterson ranges

· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km.

· Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface.

· Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled.

· The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.

· The Red Setter Project is located 13km south-west of Newcrest Mining's Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold's Havieron discovery.

The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.

• May 2021: Anticipated approvals by syndicate of the c. $300M project financing of TKGM:
» Mining contractor c. $70M finalise contract (submission received);
» Senior Lenders c. $140M formally approve loan details (terms sheet already signed);
» Equity-risk capital:
• $20-30M: Local equity into Tulu Kapi Gold Mines SC (TKGM) ie project company level:
• $20M: Government, for off-site infrastructure (binding contract already executed);
• $0-10M: Local Private (invited March, now need to commit if wish to participate);
• KEFI Group c. $80M:
• $15-30M: Offtake-linked subordinated into KEFI (terms sheet signed);
• $10-30M: Subordinated convertible finance into KEFI Ethiopia (from local investors owned;
by strong international companies keen to support Ethiopia with their local profits. One
has signed terms sheet. Others invited March and need to commit if wish to participate);
• Remaining balance to be finalised, and then sourcing and allocations to be optimised.
• June 2021: Regulatory confirmations required from Government and from KEFI shareholders at AGM;
Trigger Tulu Kapi full development of open pit, (gold-silver);
• 2021-2022: Expand resources at Tulu Kapi and Hawiah, (copper-gold-zinc-silver);
• H1-2023: Full production at Tulu Kapi, starting at 140Koz pa and rising to 190Koz pa with
underground mine to be developed after open pit settles down;
• H2-2023: Trigger Hawiah development, Cu-Au-Zn-Ag,(add > 100K oz pa gold-equivalent

https://youtu.be/wE6Gx1IInXo

Both are fantastic at these prices

5p would be 100mil Mcap after 300mil funding

The most persistently monitored by derampers, followed by the emotional herd that can't put 2 and 2 together. All is on track for June full funding of TK - gold nearly at 1900 and there's still doubt - never in history has KEFI been this far advanced with a majority shareholder the Ethiopian governments 30mil being spent, 140mil signed and confirmed - to benifit the country 250mil a year of GDP export revenue. Iv bought £10k more sub 2p over yesterday and today

https://goldprice.org/live-gold-price.html

Highlights

· 24 of the 39 drill holes have been completed on the North Mathiatis copper-bearing waste stockpiles, with full completion of the programme expected by the end of May 2021

· Site preparation at Troulli is ongoing ahead of the near term drill programme on the epithermal gold oxide resources and copper sulphide VMS target

· Further work is underway to establish a maiden NI 43-101 copper Resource estimate at Mala, and how to profitably exploit the smaller, high-grade assets within the Company portfolio

· Prioritisation of prospective copper-gold Joint Venture (JV) projects underway by way of a re-assessment of each of the Company's 16 candidate sites against Jubilee Metals Group JV criteria

· PR Ploutonic Metals acquisition expected to be completed within the next three weeks following COVID-19 imposed delays

· An updated Corporate Presentation will shortly be available on the Caerus website.

Just bought another 5k

I clearly said on JV conclusion. The JV funds up to a construction ready status - and to production on a profit sharing basis. The will JV derisk all the past and will be trasformative for CGNR future

Some of the current drilling programme at Clontibret will form part of the technical due diligence process and assist with the planning of the proposed joint venture work programme. In this context, Demir Export has appointed consultants to facilitate carrying out work on the ground in Ireland bearing in mind the travel and other restrictions due to the COVID-19 pandemic which are in place both in Ireland and Turkey.

Demir Export is a long established mining company with interests in iron, coal, gold and base metals, including zinc and copper, and has a strong in-house technical team with mining and exploration expertise. It brings over 60 years of mine operating experience to bear on the project and places a strong emphasis on the adoption of international environmental, and health and safety management standards.

Professor Richard Conroy, Chairman, commented:

“I am delighted that drilling has commenced at Clontibret. My colleagues and I are very pleased to work with the Demir Export team on the proposed joint venture partnership-Project Inis. Notwithstanding the COVID-19 restrictions progress is being made on progressing the joint venture partnership.

We believe that Demir Export has the mining expertise and the financial resources not only to bring the Clontibret gold deposit to construction ready status and into operation as a mine, but also to advance the significant gold potential of the other licences along the gold trend to the same status.”

Holding untill JV is concluded - then not selling till atleast 150mil Mcap

https://goldprice.org/live-gold-price.html

Copper 10,000+
Gold at 1869
Silver at 28

Red setter target A 1500 x 400 x 300 waiting for permits to drill 30,000meters ( compared to 450 x 350 x 600 Havieron 57kms away )
+ Cottesloe with fantastic silver grades over a 12km strike length

All parties involved in the Project are extremely busy closing the financing and development preparations as outlined in the Company's recent announcements. KEFI consider it a privilege to have the opportunity to play a small part in the overwhelmingly positive transformation that is occurring in Ethiopia and KEFI are extremely proud that our joint KEFI-Ethiopian Government owned Project remains on schedule to launch shortly with the goal of ultimately contributing over US$250 million per annum to Ethiopia's export revenues.

KEFI remains focused on completing preparations for full Project launch as soon as possible after the Company's Annual General Meeting, which will be convened in due course for a date before the end of June 2021.

Gold at $1870 - 42mil Mcap $300mil funding

The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.

Sub 30mil Mcap
168mil funding from DFS
Surrounded by demand - does anyone believe this giant German lithium mine will have trouble finding a partner while poised and perfectly located? Load and hold

We got a RNS letting us know all is on track to recieve full funding in June and it got spun to be bad news? I topped up another 5k this morning, thanks emotional uninformed sellers

Iv been doing some calculations and comparisons over the weekend

Havieron is 450 x 350 x 600 = 94,500,000
Red setter 1500 x 400 x 150 = 90,000,000
1500 x 400 x 300 = 180,000,000

Permits approve 30,000 meters of drilling - red setter maiden drilling campaign fully funded to assess the value of our tier 1 sized target

We've had our asset increase to a proven value of 9bn+
LOIs for two major banks
MOU with the Moroccan government
+ More

Load and hold and ignore the inpatient winers. The fundermentals here are excellent. Tier 1 asset the country needs + board have alot of skin in the game

Char will have a Mcap in the hundreds of millions, just not as fast today's 7 posters would like. 30mil Mcap 300-500mil funding for production of 100s of millions a year - perfectly located. Relax - if your not comfortable, your haven't done your research, just move elsewhere

Does anybody know the total value Havieron? 57kms away 25% ownership 75% Newcrest owned and still with 800mil+ Mcap

450 x 350 x 600
Red setter 100% owned currently - 1500 x 400 x ?
13kms away from the largest producing gold and copper mine in Australia - Newcrest owned

Likely permits granted within the next 2 trading weeks, and within weeks of that drilling to start. Anytime can be updated at cottesloe - regardless of timeframes were currently undervalued given we've discovered a tier 1 sized magnetic body while surrounded by copper and gold majors