Member Info for Robjm66

HtTps://www.agbi.com/mining/2025/03/saudi-arabia-grants-licenses-for-first-mineral-sites/

"while a consortium of Artar Gold & Minerals and Jacaranda Consortium won the license for the northern Al-Hijar site."

https://www.zerohedge.com/news/2025-03-17/gundlach-gold-4000-musks-doge-only-way-out

https://*************.net/gold-prices-poised-for-continued-growth

https://www.youtube.com/watch?v=jcba6vr0ruy (gold)

https://www.proactiveinvestors.co.uk/companies/news/1068048/kefi-gold-and-copper-confirms-backing-for-tulu-kapi-project-financing-1068048.html

GGP Market cap 1.36 billion that's like 30 kefis obviously going to take more buying to move the price there than a small cap.

HtTps://www.kefi-goldandcopper.com/files/files/KEFI-Tulu-Kapi-Gold-Project-Overview-March25.pdf

KEFI's business plan goes beyond what is today "bankable". It involves early underground development underneath the planned open pit to establish underground drilling platforms to extend the existing 220K oz of Indicated Resource (1.2Mt at 5.7g/t), as the deposit is open down plunge with the last drill intercept being 90m at 2.8 g/t, within which there are several high-grade mineable zones. KEFI's long-standing estimate is for potential +1Moz underground ore. KEFI's Preliminary Economic Assessment reflects that it will introduce initial underground production and recover approximately 200Koz (1.5Mt at 4g/t), from already reported Indicated Resource, after mine dilution. This will supplement the open pit ore during the first 7 production years and, by running the plant at 2.4Mtpa, the Business Plan Model shows +7 years of production at an average of 167Koz pa generating estimated net cash flow to shareholders over that period of $1.1-1.6 billion, i.e. after all cash outflows and at gold prices of $2,400-3,000/oz (representing S&P Global average consensus forecasts and current spot). On the same basis, Production Year 1 net operating cash flow is estimated at $231-304 million. This compares with project finance debt of $240 million.

Gold at the moment 3016

HtTps://www.zawya.com/en/business/aviation/ethiopia-afdb-sign-accord-to-cooperate-on-ethiopias-new-mega-airport-p7u4zpqs (Ethiopia general)

htTps://www.msn.com/en-xl/africa/top-stories/east-africa-poised-for-fastest-economic-growth-in-region-afdb-report/ar-AA1zdn9x?ocid=finance-verthp-feeds (Ethiopia general)

htTps://gulfbusiness.com/sp-lifts-saudis-rating-on-economic-shift-away-from-oil/ (Saudi general)

I am more backing kefi underlying prospects and the disconnect with its share price Fantasy. A large part of that is what i think kefi will get for Saudi which is based on my own research. I simply think that those saying kefi will get 10 15 million dollars are wrong and far of the mark so the present share price is a nonsense.

Think the Tigray answer was a bit superfluous even those that do not follow things that closely should have figured out that answer pretty quickly.

Interesting about Harry though shows the closeness with the Ethiopian government.

HtTps://www.proactiveinvestors.com/companies/news/1067938/kefi-s-landmark-decision-tulu-kapi-gets-the-go-ahead-icymi-1067938.html

htTps://news.cision.com/akobo-minerals-ab/r/akobo-minerals-reports-february-2025-operational-update,c4118958

htTps://www.proactiveinvestors.co.uk/companies/news/1067892/resource-mining-corporation-inspecting-sites-ahead-of-saudi-arabian-exploration-program-1067892.html

htTps://www.youtube.com/watch?v=E_A-wvLnyL0 (live from the vault)

htTps://www.zerohedge.com/news/2025-03-13/basel-iii-countdown-gold-crisis-banks-cant-ignore

Https://www.ena.et/web/eng/w/eng_6176051

Addis Ababa, March 15, 2025 (POA)— Ethiopian Airlines Group signed a Letter of Intent (LoI) with the African Development Bank (AfDB), establishing a partnership on the new Bishoftu International Airport Development Project in Ethiopia.

The new mega Airport, estimated to cost 7.8 billion USD, will increase annual passenger capacity from 17 million to over 60 million by 2040,

If they narrow it down to a clear winner on Saudi they will have to announce it as it’s a clear price sensitive RNS situation and the news might leak. Might be an argument for not signing an agreement till we see if gold price will bust through and hold above $3000 but thats not Harry’s style.

As for ratification of AFC that news is likely to come out of Ethiopia whether Kefi announce it or not.

Https://www.mining.com/web/copper-rises-as-dollar-impact-outweighs-tariff-nervousness/

https://www.mining.com/citigroup-predicts-lme-copper-price-to-hit-10000-before-us-tariffs/

The reality is Getachew has been thrown under the bus and has been an increasingly lame duck for months and the Debretsion wing of the TPLF has already won. Getachew legged out of Tigray may go back but is obviously a bust and Debretsion has already been talking to Abiy. Some splits and unrest suits Abiy as it means Tigray is not a threat.

What will happen is some kind of compromise is eventually cobbled together.

There was never really any chance of Ethiopian military intervention as Abiy will not want to be sucked into any internal dispute in Tigray.

Jeez out for a couple hours and and we get what TW used to call knicker wetting. The reality is you had two factions in Tigray which is nowhere near TK and the faction that was losing the struggle for power for months has finally lost out.

Https://www.gurufocus.com/news/2737100/saudi-arabia-opens-bidding-for-mineral-exploration-licenses-to-boost-economic-diversification

In a bid to further promote mineral exploration, the Saudi Ministry of Industry and Mineral Resources, along with the Ministry of Investment, launched a new program in January. This program offers financial support of up to 7.5 million riyals per project for companies holding valid exploration licenses issued within the last five years, aiming to reduce early-stage investment risks. This initiative complements incentives under the Saudi Mining Investment Law, effective since January 2021, allowing 100% foreign ownership of exploration companies and providing financing support through the Saudi Industrial Development Fund (SIDF) for up to 75% of capital costs.

The JV a beneficiary https://www.kefi-goldandcopper.com/files/announcements/kefi-gmco-selected-for-sa-epp-23jan25.pdf That must be worth some millions on its own.

Doubt Artar will want sell out totally at this stage as they will know the potential but might be some kind of three way deal with a bidder that takes over the actual mining and exploration. Also more chance of a better or increased deal from Artar depending on how deep their pockets are as they might simply get outbid then have to do deal with the winner.

https://*************.com/views/79382/kefi-gold-copper-tulu-kapi-project-financing-progressing-well-strong-buy

“have time to digest the saudi news” Only had the upgrade to Hawiah on the 18th and JQ two days before the cut off. The company would have sign posted and did that they expected upgrades to both but obviously the interested parties and their geos will be looking at things in depth (if you excuse the pun).

Apparently the company is pregnant joking apart "engaging with the long list of parties interested in KEFI’s 15% shareholding on GMCO. We are allowing time for all to digest all the recent Saudi developments announced during February, and we are indeed short-listing parties."

So multiple parties will be whittling down the number to get the best offer so sounds like they will get a decent chunk.

The thing is Bonkers thinks he is the Regularity News Service. Joking apart seems the local community is desperate to get this done.