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The Saudis are pragmatic and not going to be dragged into any crusade or jihad. Overall I would say Saudi is more stable than the UK and the US. They are not going to be dragged into armed conflicts as they know how messy they can get due to their past experience in Yemen have less law breaking the regime is firmly in charge and their economy is not a shambles and you do not have the culture wars that are happening here and in the US.
The general policy there seems to be a bit like Trumps make America great again except they probably think their country is already great.
Put a fuller response on the Israel situation on advfn but basically played out better than could be expected and with most of the projectiles shot down so Israel now having room for a measured response.
Back to kefi unusual that kefi put out a presentation along with a proactive piece guess the have done so as the gold price means the underlying conditions have changed for kefi..
Tulu Kapi Gold Project - NPV at $2,166/oz is 7.8 pence per KEFI share (still does not reflect the current gold price but better)
In-situ value of KEFI’s gold is US$3.6B at today’s spot.
Saudi Arabia Projects - value indicator at $1,500/oz gold-equiv production 1.2p:
(Well not about to start producing from JQ will need DFS done first but when it does start producing gold price could well be a multiple of 1500.)
Continue arranging development financing at level of operating company
Regional Stock Exchange Initiatives for Growth Pipeline (kind of mixed messages here but maybe that is the idea see which country offers the best deal).
hopefully behind the scenes saudi will be acting as an intermediary and trying to calm things ditto the chinese and the us. gold will go through the roof obviously short term longer term might trigger people to dump bitcoin and go into gold and gold stocks as a safe haven against political risk.
do not buy the world war three rhetoric but does not help that a lot of the political leaders we have are pretty useless so you have the worry that things could escalate due to them ****ing up.
Https://www.youtube.com/watch?v=gzqMJ1dMJFE&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1 live from the vault
https://www.youtube.com/channel/UCIjuLiLHdFxYtFmWlbTGQRQ peter Schiff
https://www.kitco.com/charts/silver Silver break out to follow gold break out?
https://www.youtube.com/c/PalisadeRadio
Thanks Bear looks like Harry is gradually realizing that we have a gold price that is likely to go higher with projects that are economic on a much lower gold price and kefi might get "consolidated". Hopefully we will not get any more of that consensus gold price forecasts BS that were laughingly wrong on the low side should have asked me as I obviously got more idea than whoever is advising the company.
HtTps://ivanhoeelectric.com/electric-metals/saudi-arabia-maaden-jv/
You can see the area here
htTps://www.kefi-goldandcopper.com/projects/saudi-arabia/hawiah
Hawiah is located within the Wadi Bidah Mineral District (“WBMD”) in the southwest of the Arabian Shield.
Https://goldprice.org/ gold on the rise might see it above 2400 today which would be twice the price from a few years back.
Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3170-tsx/ie/158929-ivanhoe-electric-and-saudi-arabian-mining-company-ma-aden-complete-first-full-quarter-of-exploration-activities-in-saudi-arabia.html
Next Stage Mapping and Sampling Commencing on Additional Joint Venture Lands in the Al Amar and Wadi Bidah Belts
(The significance is that Kefi is active in the Wadi Bidah area as well with some of the areas bordering each other)
Https://www.youtube.com/watch?v=VokidFIks7o
Think it could turn out more complicated than it seems FC as the OLF is not blaming the government yet and Jaal Maroo was more restrained than you would expect. Could be as the bbc says or a family dispute or infighting between the olf and ola or within those groups or someone that wanted to stop peace talks. I am sceptical that it was government sanctioned as the government wants peace talks but we will see.
HtTps://www.zerohedge.com/markets/gold-warning-us-or-running-markets
htTps://www.newswire.ca/news-releases/allied-gold-announces-positive-exploration-results-at-kurmuk-s-tsenge-gold-prospect-and-new-oxide-discoveries-at-sadiola-supporting-the-company-s-objectives-to-extend-mine-life-and-increase-production-817591888.html (Ethiopia mining)
htTps://www.youtube.com/watch?v=FLSEq-Jbfck power metals (looks like listing of Saudi element still going ahead)
Https://www.kefi-goldandcopper.com/files/announcements/kefi-renewal-of-jibal-qutman_-exploration-licence-17oct22.pdf
“is pleased to announce the renewal of the Jibal Qutman Exploration Licence (K/144) in Saudi Arabia.
“The re-issuance of the Jibal Qutman exploration licence
‘Jibal Qutman’ Exploration Licence (EL K/144) has been renewed on a 5-year term covering 99.68Km2.
This licence gives the company access to a 270Km2 ‘Jibal Qutman Exploration Area’ which also consists of the recently issued ‘Jibal Qutman North’ and ‘Jibal Qutman Southeast’ exploration licences, covering a significant portion of the highly prospective ‘Nabitah-Tathlith’ gold belt
(see Figure 1 in the appendix below).
From what i see kefi should be able to put in a claim for any work done in JQ north and south East the central area I don’t know depends what Is meant be re-issuance and renewal.
One difference is gold now listed as one of the minerals (see previous links for details) maybe they are suggesting that JQ does not qualify might depend on whether in the fine print. Does the licence count as belonging to kefi from when it was originally given or when kefi effectively got it back which covered a bigger area than originally.
Https://newstimeber.biz.id/ethiopias-dollar-bond-hits-two-year-high-on-imf-bailout-optimism/ (Ethiopia general)
https://www.2merkato.com/news/trading/7763-trade-ministry-aims-to-boost-ethiopias-forex-earnings (Ethiopia general)
https://www.spa.gov.sa/en/N2079420
(now includes gold)
Eligibility criteria include: investors interested in participating in the EEP must focus on minerals categorized under Class 'A' of the Mining Investment Law, such as Copper (Cu), Lithium (Li), Nickel (Ni), Gold (Au), and Iron ore (Fe); and exploration activities should target underexplored areas or critical minerals to ensure a comprehensive exploration approach.
Eligible applicants must also possess a valid exploration license under five years of tenure, requisite expertise, and a proven track record in greenfield exploration. Under the program, investors are required to submit their work program applications by May 31. Successful applicants will be announced by July 31