Everything led to Now11 Jul 2020 09:15
From a technical perspective, we should have an unobstructed push to the 2.5p level over the next few trading days.
From the Fundanentals, we have a groundbreaking RNS due re: Saudi interests, which majorly underpin the financials going forward. TK is massive, and Saudi is bigger.
Why do people think the company name is changing to Kefi Gold AND Copper??
We have a solid Fundamental base underpinning the Technical, unhindered move to 2.5p.
That's just the beginning as we have macro market factors playing strongly into GOLD investments.
When the company specific and macro fundamentals (as well as CEO references) are all pointing to a 10p+ share price going forward, then we can (quite) comfortably look to even the near term 2.5p level being smashed in due course.
Do your own independent research which will only confirm the above
80-140milcap in October 4-7p, full production in 24 months
KEFI is confident that u/g drilling where avg grade 5.7g/t, is capable of increasing the resource quickly. The 140koz pa initial production target can rise to 200koz pa. All this excludes satellite deposit. The open pit NPV is x10 mcap of £18m and including the underground, closer to 19x
Plus Saudi
Gold at 1800 copper at 6300 current Mcap 28.5mil ;)
Read the presentations on the website everyone. And listen to most recent Tom Winnithreth interview.
In Harry's words "Saudi like is mattress turned on it side in the ground filled will copper, gold, and others. It's already bigger than TK"
And details of the specialist mining financiers, and the final piece being solidified in September via offtake agreement.
I don't think Harry was lying, he was extremely sincere. I trust my gut and it's paid in shareholders meetings and while watching interviews, he explains the past and how all "delays" have been a process of spending money of the mine to get to here, 60mil already spent by KEFI on TK ( half the current Mcap) He explains the past, the timing, KEFIs respect amongst the Ethiopian government and there involvement in plans to move the country forward, the gold price and more.
With Saudi, and the deal currently in process will highly likely being signed, 100milmcap will still be cheap. 140,000 0z per annum at $1700 is 212mil per annun - and can be increased to 200,000.
I don't speak or invest in bad company's, sharing all information to help others and my family. I honestly believe KEFIs in production in 2022, we will have a 300mil+Mcap