RE: Based on what Kefi have underground - this is severely undervalued16 Jul 2020 11:29
I highly recommend everyone taking a look at the TK and Hawiah ( Saudi ) presentations on the KEFI website. Also the most recent and up to date interviews with the director to better understand to world class potiencial of both asset's. I'm confident in the FA and TA behind buying at these prices, and confident last week was the beginning of Rerate between now and October.
The Directors are seeking to close the gap between the Company's market capitalisation and the SIGNIFICANTLY HIGHER intrinsic valuations of the Company's projects.
For example, KEFI's 45% share of Tulu Kapi's NPV ( see explanation in recent Finance Director's Report) at the current gold price of US$1,700/oz, equates to a minimum of £153 million. Including current open pit, increases to £342 million.
KEFIs percent in TK is due to increase from 45% up to 60%, as we are NOW in the process of CONCLUDING an offtake agreement with the specialist mining financiers with the above mentioned terms. ( quoted from Harry's recent share profits interview )
The company's current market capitalisation of £18 million (now £22 million)" - that equates to a straight conversion of approx 10.4p per share.
That is why in the May Q&A currently on the KEFI website, the director says "The SP could 10x in 10 months, and double that with Saudi"
KEFI will be fully funded to production in October to produce 212mil per annum at 140,000oz at $1700/oz
Production output to increase from 140,000 to 200,000 Oz per annum
Note: "This places NO value on KEFI's beneficial interest in Hawiah Copper-Gold in Saudi Arabia. Which is said to be even bigger than TK, and due to double KEFIs NPV"
This is all from the company's own official news release and not idle BB chatter as some rely on.
Very soon that disconnect will narrow as people begin to recognize how highly undervalued KEFI is, especially with further transformational Newsflow due soon.