Facts speak for themselves.16 Jul 2020 22:00
Hi all.
Oilbit you make me feel sadness and disappointment.
Tulu Kapi Project Economics
From a gold price-risk viewpoint, the development and finance plans withstand a flat gold price for the next ten years of c. US$1,100/oz - which approximates the lowest gold price experienced in over ten years. The average gold price for the past ten years was US$1,365/oz.
At the current gold price of circa US$1,700/oz, KEFI estimates:
· net cash flow of the open pit mine to be US$481 million; and
· the Definitive Feasibility Study ("DFS") based NPV of the open pit (US$300 million) added to that of the PEA-based NPV of the underground mine (US$110 million), totals to the aggregate Project NPV at 8% of US$411 million. NPV's are on after-tax cash net cash flows as at today.
On this basis and after taking into account that KEFI has already invested nearly all of its contribution to the Project equity, KEFI's 45% beneficial interest in Tulu Kapi only is US$185 million (approximately £153 million), about nine times the current market capitalisation of the Company.
From KEFIs presentations on there website. With gold at a HIGH and every other factor I could mention and happily, politely, honestly explain. Happy to be proven wrong as to an actual issue that I should consider with my investment from another professional. Every sign is showing the deal will be done now. Talking about the past won't help, it was leading up to now, and highly likely in October full financial close will happen. I'm staying in until then and if so this will be 5+ easy.
Plus all of today's RNS.
I'm not ramping, when I say we're entering a news rich period.
With have q2 rns end of this month ( plus online quarterly web q and a )
Full maiden resource with the updated NPV numbers which if you just get a calculator, you will in August we will have a 350mil NPV 10x today's Mcap.
Hopefully some for of update on the specialist mining financiers from the most recent TK RNS before September
Dyor. Oilbit you make me upset
Speaking of past delay- recent RNS explain exactly what KEFI has been doing since 2014 year after year explaining every placing and how 60mil of it got put into TK
You talk about the recent placing at .65 to scare people - to Rab capital would since has added to 12 percent and can't sell below 10% without losing there nominated advisor. Harry said in the share profits interview that have sold one share.
I could go.
KEFI is a buy from me, I topped up again today, and will be holding for the short mid and long term.
Ps - Oilbit I hope you sell and at your break even after YEARS like you said you would. I actually really wish you the best with you life.
Positive vibes