Re- rate soon22 Dec 2020 14:31
The above table indicates an NPV equating to a KEFI share price of 11p at a 65% interest and a US$1,700/oz gold price, excluding any other KEFI assets, notably the deposits discovered Saudi Arabia, the Hawiah copper-gold-zinc-silver and Jibal Qutma gold deposits.
Commenting, Harry Anagnostaras-Adams, Executive Chairman of KEFI, said: "I am delighted that we continue to attract strong African experienced participants in our Tulu Kapi funding structure in a manner that enables KEFI and its Government Partners to increase their beneficial ownership, for KEFI to c.65% of the Tula Kapi Project. The refined structure set out today is in accordance with the overall plan already approved by TKGM and the regulatory authorities and now includes investment from a well-capitalised and internationally prominent local investor and a global mining finance specialist.
"The pandemic has meant that the TKGM team have worked even more closely with the Government agencies at all levels and other stakeholders, enabling us to adhere to the overall Project timetable targeting production start-up in Q4 2022.
"The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to owning 65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in terms of net production per annum. The Ministry has reserved for KEFI its exploration rights to over 1,000 square kilometres of the surrounding land for exploration and we are confident that in due course we will significantly boost reserves from satellite deposits and further expand the mine life beyond the term of the current economic model. We see Tulu Kapi as a mining district and not just one or two mines.
What's the current POG?
4-6p?
Ready the RNSs, massively undervaled stock die to the most unattractive repellent BB iv ever know. After funding news none of the hours/weeks/months of late night 7 day a week nonsense will be all for nothing but to keep themselves preoccupied, and to find some type of significance and connection, even if it's dislike, and after funding lands all the tenacious deramping will all be for nothing.
Not long genuine KEFI holders, extremely exciting time as we have trasformative news due, after understandable covid delays