Member Info for Robjm66

Should increase chance of ceasefire as Rebels will not be able to argue they are under siege plus both sides have come to an agreement on food supplies at least. Government seems more open to some diplomatic solution.

hxxp://www.news.cn/english/2021-11/19/c_1310319436.htm

Mekonnen said that humanitarian flights will be allowed in Lalibela and Kombolcha, rebel held areas in the Amhara region.
He also announced the permission for 369 humanitarian aid trucks to enter the Tigray region.

hxxps://www.fxempire.com/news/article/u-s-african-union-envoys-arrive-in-ethiopia-to-revive-truce-efforts-813139

The two envoys want the government and rebellious Tigrayan forces and their allies to declare an unconditional ceasefire and allow access for humanitarian aid to areas in northern Ethiopia affected by fighting.

Kenyatta, who was in Addis Ababa on Sunday, indicated that Abiy “is more willing than he has been in the past to take advantage of the diplomatic efforts,” the official said.

Hawiah
• Update to the 2020 Mineral Resource Estimate (“MRE”) is expected in December 2021 following the recent completion of initial modelling and site visit by independent experts
• The updated MRE will include the additional resources defined in the Phase 3 and 4 drilling programmes, as including material which has been upgraded to the Indicated category where in-fill drilling has taken place;

Would expect a thirty percent upgrade to Hawiah next month and would not be surprised if the Hawiah resource hit double its 2020 Mineral Resource Estimate (depending on how long Kefi keep expanding it) at some point.

Kefi may be tempted to drill it a bit longer if they can get some funds to do so from the sidf “Ongoing drilling will in due course convert more of the Mineral Resource to Ore Reserve.”

(“SIDF”), which is mandated to prioritise mining with project loans of up to 75% of capital requirements, which may also include the final stages of the exploration process.

Also hint of new licence areas in the KSA might make Kefi keep drilling.

At some point market should think hang on Hawiah is huge and much bigger than TK.

“GL waiting till January and I am not here to tell you what you should be doing” If only.

“I don’t need to research anything”yes why let facts get in the way.

“or are the congregation going help dig the stuff up, the gold that is.”
Hilarious of course the congregation will help to dig the stuff up.

https://www.kefi-minerals.com/files/presentations/kefi-quarterly-webinar-presentation-13oct21.pdf Slide 4 and 5 Job creation…

News flash from Fever Kefi has assets.

“KEFI very much appreciates their safe and unharmed release without any conditions.” “TKGM immediately informed…the President of the Ethiopian Evangelical Church of Mekane Yesus,”

Think you are confusing the local C of E with about three attendees on a Sunday with one of the most religious counties in the world with a rapidly increasing Evangelical movement. In your case its less a case of dyor than do some any research.

https://www.pewresearch.org/fact-tank/2018/08/22/the-worlds-most-committed-christians-live-in-africa-latin-america-and-the-u-s/

“Whilst the EECMY investment into TKGM is not playing a major role in the total project finance package, EECMY’s role is significant for TKGM’s social licence. For instance, the Tulu Kapi community will potentially significantly benefit from EECMY’s micro-finance institution in Ethiopia”

Very shrewd move to get the backing of the church means a lot more local support due to the church’s blessing and more visible community projects. The church investing even at a small scale means millions of potential revenue for them so they will obviously try to troubleshoot local problems for kefi and probably already have.

How many evangelicals are there in Ethiopia?

The largest Protestant group is the Ethiopian Evangelical Church Mekane Yesus, with about 5 million members. In total, Christians make up about 63% of the total population of the country.

https://en.wikipedia.org/wiki/Christianity_in_Ethiopia

https://www.conservativewoman.co.uk/how-faith-is-bringing-hope-to-ethiopia/

The church is very influential in Oromia and Abiy and a lot of powerful people are evangelicals including people from the local rebel group.
DYOR.

https://ethiopianmonitor.com/2021/11/12/trio-discuss-ethiopias-comprehensive-investment-strategy-in-mining/

https://waltainfo.com/saudi-amb-to-ethiopia-says-life-in-addis-ababa-continues-as-before/

“We will attract Saudi companies to invest in the mining industry”

https://www.icis.com/explore/resources/news/2021/11/12/10705218/saudi-fertz-major-ma-aden-s-1-1bn-new-ammonia-plant-set-to-snub-spot-buyers

https://www.sidf.gov.sa/en/AboutSIDF/Pages/AboutUs.aspx

https://www.sidf.gov.sa/en/ServicesforInvestors/Sectors/Pages/mining.aspx

SIDF also supports the mining sector by:
Financing mining projects for all minerals up to 75% of the costs of eligible projects. Financing the final stage of the exploration process, which includes drilling and preparation of mines. Fostering support services companies to enhance the value added and sustainability of the mining sector in the Kingdom

https://www.kefi-minerals.com/files/files/WHI-KEFI-Hawiah-Drilling-Update-11Nov21.pdf

“A new Mineral Resource Estimate (MRE) is expected in December with KEFI fast-tracking economic and technical studies. The MRE only considers a portion of the potential resource at Hawiah. A large area outside of the MRE has also returned positive drill results and Hawiah is building up to becoming a large project with consistent grades and an open resource.”

“Upper portions may form an open pit:”

“it expects a mine plan based on a reserve by mid-2022 with the aim of beginning development of Hawiah by late 2023. This is an aggressive schedule but one which might be achievable given the funding environments in Saudi Arabia; the Saudi Industrial Development Fund ("SIDF"), is mandated to prioritise mining with project loans of up to 75% of capital requirements, which may also include the final stages of the exploration exploration/PFS process.
——
Should be possible to both reduce the cash burn and the eventual money needed through the sidf.

He has a love hate thing with Harry obviously you do not follow someone around investing in then trashing their companies otherwise. Whats are the latest arguments its a waste of time to be here though he is here all the time and billion dollar questions though the mineral deposits are not worth anything. Moans about share price but here 24/7 trying to talk it down.

Main strength of Kefi is its geo team so obviously you do not want to talk about that or really the mining prospects of a mining company its just Harry this Harry that sound like someone who cannot get over their ex and is determined to bore everyone to tears. Hence zero factual content of most of your posts just all opinion.

If you knew anything about mining you would know Hawiah is a great prospect that is moving very fast steadily ticking all the boxes.

They way things are going with rising metal prices and Hawiah expanding can already anticipate your question this December after the Update to the 2020 Mineral Resource Estimate (“MRE”), “5 billion dollar question for Harry” well I might be a billion out either way but what’s a billion between friends talk is cheap after all.

“Without even breaking it down how does that translate to real money/profits ? Including Costs , challenges, permissions, finance, opex, capex , length of time, economy side of it......list goes on”

https://www.kefi-minerals.com/projects/saudi-arabia/hawiah

https://www.kefi-minerals.com/files/announcements/kefi-maiden-resource-hawiah-19aug20.pdf

https://www.kefi-minerals.com/files/announcements/kefi-hawiah-pea-22sep20.pdf

Next Steps
Following completion of the PEA, the priorities to advance Hawiah towards development are:
• seeking to double the maiden Mineral Resource through the next drilling phase;
• undertake a metallurgical testwork programme;

• undertake an Environmental and Social Impact Assessment baseline and water resources study;
• report updated PEA results as progress is made, culminating in updates to the PEA financial model prior to commencing a PFS study for a long-life mining operation; and
• extend exploration activities into the surrounding district as licencing warrants.

https://www.kefi-minerals.com/files/announcements/hawiah_project-update-10nov21.pdf

Update to the 2020 Mineral Resource Estimate (“MRE”) is expected in December 2021 following the recent completion of initial modelling and site visit by independent experts
• The updated MRE is expected to include the additional resources previously defined in the
Phase 3 drilling programme, as well as material in the Indicated category where in-fill drilling has taken place

Preliminary Feasibility Study (“PFS”) elements have been awarded and an experienced team
of consultants has been assembled to help deliver the PFS in 2022
• Metallurgical testing, environmental and hydrological programmes continue to progress

The Hawiah PFS is now underway and an excellent team of consultancy groups have been assembled to work with KEFI in the preparation of the PFS

As previously announced, an independent environmental baseline scoping study is ready for submission to the Saudi Arabian environmental authorities

These supporting works are aimed at ensuring that the Project can continue to be rapidly progressed towards KEFI’s target of Hawiah commencing development in late 2023.
This work programme will potentially also complement the investment criteria of the Saudi Industrial Development Fund (“SIDF”), which is mandated to prioritise mining with project loans of up to 75% of capital requirements,

https://www.decipher.com.au/blog/mining-resources/the-5-stages-of-the-mining-life-cycle

Both sides will obviously start out by restating their nearly hardest line position so as not to show any weakness then there will be gradual horse trading. To early to tell if peace talks will be successful (imho) but at least both sides showing signs of wanting peace.

Ethiopia
Main rebel advance slowed down and rebel advance in afar region stalled, negotiators now talking to regional governments in Ethiopia to get them aboard peace process.

Saudi
Mining industry beginning to take off.

https://www.arabnews.com/node/1921866/business-economy

Open Pit Scenario
The team have been especially encouraged with the thickness and grades of the Camp Lode and Crossroads Lode, particularly within the upper portions of the deposit which should allow for an open- pit mining option to be considered during the early phases of mine life. This open-pit scenario will be more rigorously assessed during the later stages of the MRE and on into the PFS.
The case for the open-pit scenario has been strengthened by increased drilling density within the transition zone, which has confirmed continuous high copper grades across large areas of the deposit, with intervals of up to 6m (estimated true width) at 4.4% Cu, in HWD 003.
The estimated true width weighted average assays for Phase 4 drilling within the transition zone contain: copper +26%, gold +21% and silver +11% against the MRE transitional zone grades.
The transition zone lies directly below the oxide zone from around 25-70m depth. An open-pit option would also allow for a greater portion of the gold-rich oxide cap to be exploited, potentially adding further value and resources to the Project.

This work programme will potentially also complement the investment criteria of the Saudi Industrial Development Fund (“SIDF”), which is mandated to prioritise mining with project loans of up to 75% of capital requirements, which may also include the final stages of the exploration process

https://www.kefi-minerals.com/files/announcements/hawiah_project-update-10nov21.pdf

https://www.bullionvault.com/gold-news/gold-price-110920212

GOLD PRICES reached new multi-month highs in London trade Tuesday, trading within $5 per ounce of what technical analysts called "key resistance" at $1835…

https://www.kefi-minerals.com/files/announcements/hawiah_project-update-10nov21.pdf

Update to the 2020 Mineral Resource Estimate (“MRE”) is expected in December 2021 following the recent completion of initial modelling and site visit by independent experts (apparently they did not ask stockready).

In August 2020, KEFI reported a maiden Mineral Resource Estimate of 19.3 million tonnes at 1.9% copper-equivalent in-situ for Hawiah. The 2021 drilling results indicate we will soon be in a position to report a larger resource at higher grade.

https://www.bullionvault.com/gold-price-chart.do https://tradingeconomics.com/commodity/copper https://tradingeconomics.com/commodity/zinc https://silverprice.org/silver-price-history.html

https://www.kefi-minerals.com/projects/saudi-arabia/hawiah

“Exactly right - all of these announcements are being driven by HAA's desperation to get his size 10 mitts on 500k cash” “Additionally, Tranche 1 will only be paid when the closing mid-price of the Company’s shares is above 3.0p for five consecutive trading days.”

Even though the hawiah results are excellent I would say the shareprice will only be three pence or above before 31 December on some kind of firm commitment that TK is going ahead.

Hawiah results really excellent shareprice should be a lot higher just on Saudi prospects alone.

Got to take anything either side say with a pinch of salt but rebels might cut a deal and not even enter the capital if they do not going to be in their political interest to make it any more bloody than necessary. Both sides have generally not heavily shelled areas and the rebels have no Air Force.

https://www.youtube.com/watch?v=5Mmgw1rOzj0 Glimmer of hope of peaceful resolution.