Member Info for Positivevibes

Kefi going relatively well keeping above 2p, bodes for a strong finish. Still somehow bellow the 52week high and still at the beginning of this rerate to historic highs as keeps in the best position its been in in its history.

In June 2019 EMH completed an updated Preliminary Feasibility Study, conducted by specialist independent consultants, which indicated a return post tax NPV of USD1.108B and an IRR of 28.8% and confirmed that the Cinovec Project is a potential low operating cost, producer of battery grade lithium hydroxide or battery grade lithium carbonate as markets demand. It confirmed the deposit is amenable to bulk underground mining. Metallurgical test-work has produced both battery grade lithium hydroxide and battery grade lithium carbonate in addition to high-grade tin concentrate at excellent recoveries. Cinovec is centrally located for European end-users and is well serviced by infrastructure, with a sealed road adjacent to the deposit, rail lines located 5 km north and 8 km south of the deposit and an active 22 kV transmission line running to the historic mine. As the deposit lies in an active mining region, it has strong community support.

I have patience.

European Metals Holdings Limited ("European Metals" or the "Company") is pleased to advise that the investment of EUR 29.1 million by CEZ a.s. ("CEZ") for a 51% equity interest in Geomet, the Company's Czech subsidiary and holder of the Cinovec licenses has completed today.



The payment of EUR 29.1 million, which has been received into the Geomet account, will see the Cinovec project fully funded to the decision to construct, paving the way for Cinovec to become the first European Union producer of battery grade lithium compounds from a local lithium resource.

Derisked Road ahead.

Securing construction finance for Cinovec, potentially up to the full amount of the capex and working capital required to put the mine and lithium chemical plant into production;



· Securing grant funding from applicable EU, national or regional grant schemes, for Project optimisation studies and economic development objectives, for development of green/sustainable energy projects (for example, through the Just Transition Fund recently announced by the European Commission);



· Developing relationships with EIT InnoEnergy's partner offtakers, with the intention of facilitating and advising on the negotiation of offtake agreements, potentially including offtake pre-financing; and



· Providing general support including education, communication and societal and environmental acceptance.



The Agreement is non-exclusive and EIT InnoEnergy will work together with Geomet's other advisers in finance, environmental and social advisory.

In 12-18 months EMH will highly likely have a 100milmcap ++ and in the short-term see 30p

KEFI remains focused on the preparations and subsequent completion of the outlined finance milestones to ensure the closing of full Project funding in October 2020 and for gold production to commence in 2022, in line with recent guidance. This month we focus on finalisation of the detailed terms sheets with the preferred provider of subordinated debt/offtake-linked finance, likewise for the Project equity.

PEA Saudi
TK termsheet

3p plus

October financial close of TK + 2 Saudi assets one worth 2.5 b and the other with 700k Oz of gold all still open at depth

140milmcap would be 7p

Undeniably undervalued at sub 50milmcap

I know alot of people are watching EMH as they know they derisked potiencial, but the AIM market likes quick fixes. 30p+ will be seen here in the not to distant future.

20p will go soon, and then 30p on anoucment drill result's in a few weeks.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=KEFI:LSE

It's a short hold to September October on the TK financing, and that's what will move the SP to 5-8+ 100-150milmcap

On a 210mil full finacial close
Of the Ethiopian central bank
The Ethiopian government
And the specialist mining financiers offtake agreement.

The Ethiopian governments money is already being spent on building the bridge, roads and electricity leading to the mine.

The mine in 2022 will produce between 140-200k Oz per annum and KEFI will have 70% of that.

That's 320-400 mil at 200k Oz 1700-2000dollar ( 70% to KEFI )

Plus Saudi today - which is 64 percent owned by atar, which is 50 percent owned by the royal family of Saudi Arabia.

Plus JK there second Saudi asset with 700k Oz at the point of ready to construct.

Still sub 40milmcap - undeniably undervaled.

When the deal is closed 5p will be cheap - every sign showing it will done.

30milmcap 51percent owned by a 10bilmcap major. Fully funded to the decision of construction. In the middle of a drilling campaign proving more of the giant we already know. EU grant money.

https://markets.businessinsider.com/commodities/copper-price

Copper at 6627 a new high over the last 6 months.

Gold deal to be concluded shortly, everything under 2p is a gift. 5p++ in October and 15p+ in 2022

TK in full production of 140-200k Oz per annum producing 320-400mil at 1700-2000 $per Oz

Plus Saudi from today containing 2.5b worth of copper and alot of silver it appears in today's RNS.

Plus JK another 700k Oz of gold with 30mil start up cost.

KEFI has 3 well developed giant assets all worth over a billion++

Undeniably undervalued sub 2p

These illustrative NPV's are shown for 100% of the Project and for KEFI's assumed 45-70% beneficial interest i.e. the previous base case beneficial interest of 45% is now redundant and will be higher. We now target up to 70%.

The value-indictors set out above with ranges of £85-340 million exclude KEFI's two other advanced projects - Hawiah (copper-gold) and Jibal Qutman (gold) projects in Saudi Arabia and compare favourably with the Company's current market capitalisation of approximately £35 million.

As announced on 1 July 2020, based on discussions and proposals received to date from specialist mining financiers and Ethiopian investors, Project company, Tulu Kapi Gold Mining Share Company ("TKGM"), is now also seeking to potentially reduce the number of shares it issues to any third party by increasing the amount of funds raised by TKGM from specialist mining financiers in other acceptable forms, and by doing so, increasing existing TKGM shareholders' ultimate beneficial interest in TKGM. This would have the effect of increasing KEFI's beneficial interest in TKGM.

KEFI remains focused on the preparations and subsequent completion of the outlined finance milestones to ensure the closing of full Project funding in October 2020 and for gold production to commence in 2022, in line with recent guidance. This month we focus on finalisation of the detailed terms sheets with the preferred provider of subordinated debt/offtake-linked finance, likewise for the Project equity.



The current price provides compelling economics for KEFI's projects and, in my view, gold prices could continue to increase as interest rates remain low as monetary expansion and government debt continues to rise globally.

The spot gold price is currently more than US$800/oz higher than our Ore Reserves assumption of US$1,098/oz and US$600/oz higher than our base case assumption of US$1,300/oz used for Tulu Kapi financing plans. Recent industry analysts' consensus forecasts seem to be for a new base case of US$1,500 with upside beyond US$2,000/oz.

As announced on 19 June 2020, the strong Project fundamentals are summarised below at different gold prices, based on the 2020 Tulu Kapi Plan for the open pit added to that of the PEA-based NPV of the underground project. NPV's are based on after-debt and after-tax cash flows discounted at 8% from the viewpoint of KEFI shareholders as at today.

The 2.5billion of copper is great. The PEA will add 200+mil to KEFIs over all NPV taking it to 600mil+ ( 18x our mcap )

No it's all about the giant gold deal to be concluded in October. With the term sheet of final piece being worked on now.

In October 5p will be cheap ( 100milmcap ) when to 210 mil full funding is concluded. Derisking and full funding us to production of 320-400mil a year which we now get 70%

Sleeping giant

Copper at 6586 live

https://mobile.twitter.com/KatoroGoldplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Do you think the deal won't be done with gold above 2000 and katoro sharing this on twitter 6 weeks away from the conclusion?

Easy money

Drilling is aimed at converting a sufficient portion of the existing Indicated Mineral Resource to the Measured Resource category and subsequently to a Mineral Reserve, to cover the first two years of the scheduled mining plan and obtaining a sufficient amount of ore samples for the next phase of metallurgical testing. The majority of the material will be utilised in the pilot scale testing for the Front End Engineering Design ("FEED") Study.

A total of nineteen diamond drill holes will be completed for 5,550 metres. The area to be drilled is shown in Figure 1.

A further four geotechnical holes along the planned underground decline route will be drilled and logged subsequent to the completion of the resource drilling. This data will allow final development ready designs to be completed for the declines.

Sleeping giant. The only thing holding this back is time. Easy money for the patient.

It would make sense that the 14 bidders also took a look a haneti.

Alot of news in the pipeline. I'm sure it's not long until we have a 12-15 mil mcap leading up full funding conclusion.

Both are rising. Making more valuable and a higher chance of success.

Before news. 52week high + when news lands