Member Info for Robjm66

Herd will discover mining when gold goes up another 7 percent over the 2000 dollar mark. Meanwhile we will be sitting pretty with several gold mines in the pipeline.

https://www.youtube.com/watch?v=Xtz-k7Dee_U The future of mining in Saudi Arabia the last couple of minutes mention of the SIDF loan that can cover most of any costs 9.45 minutes in
https://www.arabnews.com/node/2229496/business-economy
Brian Hosking from kefi will be there hope he renumbers to say thank you.
https://news.trenddetail.com/middleeast/328442.html
The Saudi mining sector has jumped 44% since the launch of the “Vision” .. and gold production has doubled by one and a half times..
so that Crown Prince Mohammed bin Salman previously described the sector as “another untapped oil,” adding that “the value of minerals in the Kingdom is $1.3 trillion (4.9 trillion riyals), of which $240 billion ( 900 billion riyals) is the value of gold only.”
https://www.***************************/kefi-gold-and-copper-awarded-five-additional-exploration-licenses-in-saudi-arabia/4121096961
We will shortly report a stand-alone overview of this world-class exploration portfolio. Its status and our plans, and we look forward to reporting on our further progress in due course.”

https://www.proactiveinvestors.co.uk/companies/news/1002793/kefi-gold-and-copper-awarded-five-new-exploration-licences-in-saudi-arabia-1002793.html

Five additional exploration licences Wadi Na'afa, Al Awja, Abu Salal North, Umm Al Khabath and Jabal Selm (collectively the "Exploration Licences") have been awarded on an initial five-year term

-- The Exploration Licences host sites of ancient mineral mining, within prospective mineral belts
-- Abu Salal North and Umm Al Khabath VMS prospects lie within the Wadi Bidah Mineral Belt south of the Company's Hawiah project

http://www.rns-pdf.londonstockexchange.com/rns/1532M_1-2023-1-9.pdf

The granting of these exploration licences further establishes GMCO's controlling stake within the Wadi Bidah Mineral Belt, which contains the Hawiah and Al Godeyer deposits to the north.

The exploration licences contain strike extensive mineralised horizons (up to a total of 2km), with grades of up to 8.8g/t gold from US Geological Survey ("USGS") sampling in 1982

"With our rapidly advancing gold projects in Ethiopia and Saudi Arabia, where we are heading for steady-state production from 2025, we are delighted to have been awarded these five further exploration licences in Saudi Arabia to further broaden the KEFI GMCO portfolio.

"As an early-mover in Saudi Arabia, with a world-class team, we are keen to build on our position in the fast-emerging Saudi minerals sector and take advantage of new opportunities as they become available. The award of these five additional exploration licences provides significant future potential in a country expected to have relatively short approval, financing and development schedules, given there is no need to resettle communities, less restrictive security protocols and established capital markets and domestic funding options.

"The award of these licenses brings the GMCO land holding in Saudi Arabia to over 1,035Km(2) ,

A couple of things unsaid..

One the Saudi must have cooperated with the timing of these awards of licence areas to coincide with their conference.

Two kefi did not have to bid for these licence areas.

Three both one and two show massive confidence from the Saudi in Kefi and Artar.

Four kefi and Artar have so many licence areas now that either they are fully confident that the "established capital markets and domestic funding options" can cover everything or they are looking at a Saudi listing to do so or they expect TK over the line of course or a mixture.
All these points will gradually sink in with people some will be quicker o the uptake than others of course.

https://*************.net/gold-accelerates-to-8-month-peak
https://goldprice.org/

https://www.facebook.com/takele.uma.01 (Ethiopian mining minister)

One of the indicators that our goal of increasing gold production in large companies will be realized is the huge Kurmuk gold company that we saw today in Benishangulgumuz region.

Together with the president of the region Ashadli Hassan and higher government officials we have seen the construction of a gold factory that is being built with 14 billion birr.

Today's visit is a great sign and hope that we can achieve a stable economy in the mining sector.

https://ethiopianmonitor.com/tag/kurmuk-gold/

https://www.thereporterethiopia.com/12051/

Not a huge amount online but taking on staff and a good omen for kefi looking at where the money is coming from "Shareholders from Ethiopia, Australia, Canada and USA founded the company, which is registered in British Virgin Islands."

Had to have some kind of update re Saudi this week really with the big Saudi conference it means Kefi is in focus when new Saudi licence areas are up for grabs “6 investment opportunities” and people are considering how and where to invest into the Saudi mining sector“strategic alliances”. From a marketing and PR point of view an easier sell just mainly focusing on the Saudi prospects at the conference.

https://www.zawya.com/en/projects/mining/saudi-to-present-6-projects-at-tuesdays-mining-meet-uplzhbvj

Hundreds of officials and investors from over 60 countries are expected to attend the three-day meeting, the second mining conference organised by the largest Arab economy with the aim of highlighting investment opportunities in this sector.
In a statement published by Al-Madina and other dailies, the Saudi Industry and Mineral Resources Ministry said it would present “6 investment opportunities” to the conference.

They include six mining sites in various parts of the Kingdom covering zinc, silver, copper, lead, gold, iron and other metals, the statement said.

The conference will also include discussions among the participants to form “strategic alliances” between national and foreign firms to bid for mining projects in the world’s largest oil exporter, according to the statement.

https://www.kefi-goldandcopper.com/files/announcements/kefi-hawiah-mre-update-9jan23.pdf

These objectives have been achieved and with the deposit remaining open at depth, the Hawiah orebody has additional potential for further enhancement and expansion.

Looking forward to 2023, work programmes including reverse-circulation and diamond drilling are being planned to upgrade the classification of current Inferred Resources to the Indicated category for use in the Hawiah Definitive Feasibility Study (“DFS”). These programmes are designed to run in parallel with the maiden MRE for the nearby Al Godeyer deposit which is being scheduled for Q1 2023.

Open-Pit Scenario
GMCO is also pleased to report that the resources reporting to the Open-Pit Scenario have been expanded from the previous 8.4Mt reported in 2021 to a total of 11.1Mt at 0.90% copper 0.75% zinc, 0.81 g/t gold and 10.30 g/t silver

Open pit scenario still open resource and a possible whole new resource at Al Goyeder for this quarter.

https://www.proactiveinvestors.co.uk/companies/news/1002683/kefi-delivers-significant-boost-to-resource-base-at-hawiah-1002683.html

"The updated mineral resource estimate for the Hawiah copper-gold project achieved our key objectives: a tonnage increase of approximately 16%, plus a higher overall increase in metal content due to overall improved grades, plus the increase in the Indicated Resource category, plus the increased open pittable component,” said Harry Anagnostaras-Adams, executive chairman of KEFI.

"The Hawiah preliminary feasibility study is progressing well and additional drilling during 2023 is being designed to further increase and upgrade the resource. KEFI now has a platform of three advanced projects for development in the next few years..

Three mining projects in the pipeline all of which have a gold component with gold price taking off while harry and the pace of projects can be infuriatingly slow at times for once it could work in kefi advantage with deals struck with a much higher gold price than was anticipated that's not the worst problem in the world to have.

Gradually getting there.

https://www.canberratimes.com.au/story/8040818/aussie-experts-head-to-saudi-mining-forum/ Saudi mining

https://www.agbi.com/article/saudi-seeks-foreign-investors-to-explore-vital-mineral-deposits/ Saudi mining

https://english.aawsat.com/home/article/4086706/riyadh-host-int%E2%80%99l-conference-future-strategic-minerals%C2%A0 Saudi mining

https://english.newstracklive.com/ampnews/minister-hopes-to-secure-investment-from-international-companies-at-important-summit-sc18-nu355-ta355-1263971-1.html Saudi mining

Thanks SB. Fantasy bishop club sounds like one of those dungeons where some dominatrix punishes high paying clients. Joking apart In defence of the speculating and hypothesising, there has been a pause where everyone has been waiting for some fresh meat to really get our teeth into from Kefi but I anticipate Kefi will have to show its hand a bit with the big Saudi mining conference next week where Brain Hosking is on a panel and Gold and minerals (Kefi/Arter JV) is a gold sponsor.
https://www.futuremineralsforum.com/media/ysplacdt/conference-program-en-5.pdf

https://www.theeastafrican.co.ke/tea/rest-of-africa/ethiopia-us-ties-back-on-track-as-biden-names-new-envoy-4078326 (investment climate)

https://finance.yahoo.com/news/saudi-ministry-industry-mineral-resources-113000857.html (Saudi mining)

https://www.arabnews.com/node/2227761/amp (Saudi mining)

https://www.youtube.com/watch?v=MlE43FnF1Iw (FMF video)

https://www.arabianbusiness.com/politics-economics/saudi-arabia-will-overtake-india-as-fastest-growing-major-economy-in-2023 (Saudi investment climate)

https://goldprice.org/ gold back over 1850

https://www.ig.com/en-ch/news-and-trade-ideas/gold-price-steady-after-us-dollar-pummelling-230106 gold

https://www.marketwatch.com/story/why-gold-prices-may-be-headed-for-record-highs-this-year-11672941590 gold

https://www.zawya.com/en/projects/mining/saudi-aims-for-64bln-share-for-mining-in-2030-gdp-vmm0jpo6 Saudi mining“He noted that nearly 20-30 percent of the mining permits granted in 2022 were grabbed by companies which participated in the previous conference.”

https://www.miningnews.net/events-coverage/news/1445855/biggest-names-to-converge-on-riyadh-for-first-event-of-2023 (saudi mining)

https://www.zawya.com/en/projects/mining/saudis-amak-awarded-new-gold-zinc-and-copper-exploration-license-krcbfknp (saudi mining)

https://english.aawsat.com/home/article/4081886/al-mudaifer-saudi-arabia-attracting-foreign-investment-explore-critical (saudi mining)

https://addisstandard.com/the-interview-our-concern-was-always-to-the-vulnerable-people-impacted-by-war-not-pressuring-one-side-uks-ambassador-to-ethiopia/ (uk Ethiopia relations)Look like the new ambassador is going to be a bit more hands on than the last one)

https://www.argaam.com/en/article/articledetail/id/1613072
(Saudi mining)

https://www.lexology.com/library/detail.aspx?g=bb906572-f6c8-4c39-9a7b-c14867f3dd5d (Saudi mining)

https://www.zerohedge.com/news/2023-01-03/gold-could-reach-bruce-willis-level-soon (gold)

https://www.zerohedge.com/markets/central-bank-losses-make-them-buy-record-amounts-gold (gold)

Bishop even if kefi was valued at six percent of what it has in the ground the shareprice should be a multiple of what it is. Probably multiple factors and systems of valuing though recent discoveries should not have the same value as projects that are near the go signal or have hit pfs or dfs stages.

Fantasy yes damned if you do damned if you don’t .

Fantasy have a friend that has several houses tempted to suggest that they sell one and get some exposure to gold and silver just i avoid giving any financial advice to friends and family. Think the bull market in precious metals could run for 10 15 years more unless they hit silly valuations.

Bishop “At a long-term gold price of US$1,650/oz , on 2 September 2022, KEFI calculated an updated project value for Tulu Kapi (on an attributable basis) of c US$124m”
“we calculate that average cash costs per ounce over the life of the Tulu Kapi operation will have increased by 12.8% relative to our prior estimate from US$889/oz for the open pit and US$664/oz for underground (weighted average US$849/oz) to US$958/oz for the integrated operation. At the corporate level, we continue to assume head office costs of £1.0m pa (unchanged). A carried-forward tax loss of US$95m has also been applied to future pre-tax profits before tax is payable.”Say $1000 dollars in costs so a gold price around 1850 rather than 1650 is a huge jump in profits. If you are an offtaker you are not going to want to wait to see if gold really takes off and pay more, if one of the African banks can see an earlier pay back of monies lent if the government greater rewards and so on. Higher gold price makes TK deal a much bigger carrot.