Member Info for Simms45

As i keep on saying we are at 10% of NPV today. Its a bonkers valuation when you consider how close Kefi are to getting all the cash in the bank and heading to become a mid tier and then major gold miner as Saudi comes on stream. We are weeks from getting more cash in the bank after getting $20m from Chancery and things are already underway. Remember also we have had no updates on Saudi Hawiah and JQ that will probably double in resource and JQ is close to financial closure also. I am sure this it deliberate and news held back until TK gets the rest of the cash in the bank. gla

"17 pence per KEFI share is based on a gold price of US$5,000/oz, the Tulu Kapi NPV at production start and the initial preliminary valuation of the 13% of GMCO."

Its exactly at times like this when value and contrarian investors double down. As you say Frenchie ramp up news will start in earnest July/August and before then Darren will announce a deal, maybe another "Condor moment" but for me the rest of the gold market has got ahead of Metals and we are due a catchup and wait for the big ticket items to drop. I have a feeling Serabi is about to get its Metals moment as feel like it has got ahead of itself and just feels like Metals 6 months ago :)

Steady as she goes but once we push through 1.8p it could be 2.5p in a heartbeat. Just crazy over last few months seeing investors bail just before re-rate. This is like no other financing we we are only putting in long written off $100m sweat equity for our 83%. Whats not to look and the re-rate will be massive because of that value event that is now very soon to happen! One day you can tell your grandchildren you in to Kefi under 2p and the rest is history!

Great to churn over the non believers. This will rocket over coming months. So much news inbound you simply do not know when it will land. Long way to go until we reach fair value. Gla

Serabi has been a bit of a poster child but that also makes me a little less comfortable. When i looked at it i felt upside was largely priced in because in 2027 Serabi is still a 55k ounze producer with AISC of $1800, whereas Metals is set up for a 2027 production of 140k ounzes with something like $1200 aisc. Serabi is still a single juristiction play and given market cap of both is not a million miles away i just could not see the attraction compared to Metals in terms of upside this year. Serabi could be seen as maybe safer option but its more tied to gold price than Metals that will revalue over the next 8 months. Biggest upside to Serabi is rising gold price and its Coringa permit but a lot of that is priced in as well. I also fancy something good happening in Philipines after Lee observation and family ties. Nothing wrong with spreading risk though but Metals should comfortably outperform Serabi purely on numbers, assuming la India goes live on or before prediction.

Leehardcastle i think you are spot on as that $30m drawdown option is surely only needed for that. He mentioned Philippines tax but was that a red herring? Could be quite advanced and u did not know he had family in Philipines so probably knows his way around the place.

DP in interview has already said he is going well beyond 30k drilling plan at La India. He is going to go all in on finding resource as that immediately goes to our market cap for very little cost and who knows maybe have so much gold in La India why not build 2 plants as we already have 10 years ore so burn through that in 5 while working on the 5-10m ounze district. Why not? Just got to find a spot on our 1100 hectares of land we actually own or find some in the other 59,000 hectares of land we have license for. That is the size of Metropolitan area of Madrid for comparison.

Gold back over $5100. Let the gold times roll and anyone doubting Metals it is the lowest FCF/EV of any producer in the UK by a very long mile. Under 1 in 2027 and and 2028. That mean our entire market cap today will be covered by 1 years of FCF. Not profit but cashflow is king! How anyone does not see Metals as a hugely undervalued company once La India is live when you look at comparables priced multiples of that in 2027/2028. Gla

Totally agree Tikitaki. It was a nice idea Darren could rock up with some trucks and load ore at Dupax but agree a shovel ready JV or similar would better suit so we put in the kit and maybe some cash and crack on. There are some around imcluding Wapolu Gold Project, Fergusson Island, Kookynie Gold Project andCK Gold Project so probably DP has plenty to look over.

But $20m signed is cash in the bank. We will continue climbing today once the day traders have moved on. This is very important as up until point equity was only potential but now it is signed $20m will be released. Chancery will have had sight of other parties and great they have jumped in as others will race to sign as i am sure the queue is long. The deal for Chancery and Kefi are both very attractive and suspect many others would like to muscle in. We should clear 1.6 today and continue the ascent over the month. Hopefully the scalping day traders move on.

Hold old Arry, smashing it out the park with his signed $20m from Chancery. First cash in the bank i think Manu?

Look at every miner that completes financing. There are clear and identifiable points between financial closure and first pour that will see the discount to NPV move from the current unbelievable 10% of NPV towards around 80% by first pour. Once Kefi is generating consistently miners move considerably above this value and as more projects are brought on stream. The big advantage of Kefi is that we will be a multi juristiction miner and these tend to be a premium once that is the case. Sure 1-2 years waiting is 1-2 years waiting but i am sure it will be softended by the 7-10x over that period and the likely 1.5p dividend by 2029. If gold increases from current $5k then Kefi will move into the stratosphere as our AISC is so low and every $ is pure profit. if you can find a better and more likely chance to 10x your investment let me know as i cant find one that has a relatively low risk profile once financing is completed and cash in the bank. gla

Nice one Darren. Maybe make it a nice round 10m :) Gonna be a nice payday when the divis start piling up!

Whats not to be positive about Sakura? The list of positives are many and we are so undevalued subject to first pour so my money is on that going to plan so its almost a guaranteed double at least by October/November and then some, even with lower gold price but $5k is look pretty robust now. Negatives could be Dupax but we are debt free rolling in cash so we are in incredibly strong position to leverage Runruno and Darren has multiple options he is looking at. Watch this space!

video also shows how fast we are moving. i counted about 40 vehicles onsite in the video and we are stockpiling ore like crazy.looking very interesting. with dupax on ice goes to show just how much up **** creek metals might have been. darren played a blinder and hoping he can so it again. condor also played a blinder but i reckon darren will do something great next few months to keep us multi duristiction. incredible upside as we are 30% of npv so plenty of upside this year to first pour.

Once Ethiopian investors pile in alongside institutions who will obviously spot Kefi cant trade at a massive discount to NPV forever and we are off the races. 2p/3p/5p will move quite quickly through over next 6 months. Gold price can only help but $5k an ounze leaves us in rude shape for mega dividends at least 1.5p from 2029. Gla

Obviously all these people and President of Ethiopia are hardly meeting up for a coffee. Final closure in motion and $100m cash incoming. Then we can drop Saudi spectacular update and crack on to become a mid tier miner with minimum $400m FCF from Ethiopia alone per year and JQ and Hawiah to turn up the volume making us multi juristiction miner. Still we languish at 10% of NPV 🤷‍♂️

Darren has said he has a number of options and he will update in H1 or sooner so he is well ahead of the curve. I suspect he was looking at these in combination with Dupax and they might be better options and he can be a little choosey as we are moving into mega cashflow later this year and dividends are very much on the cards so he will only do something if it adds considerably as opposed to just doing something for the sake of it. I am sure there are ready to roll mines like Condor was and i am sure plenty are in contact to maybe JV. Who knows but have to wait to find out.

Gold back over $5k so nice bump this morning and hopefully investor presentation and video shows progress as not long now before La India will be goimg live.

Gold is now just shy of $5k an ounze so likely a nice bump on monday if sunday pushes is back over nicely. Hopefully 1 week from further news or at least a photo opportunity in Ethiopia. Crazy we still languish at 1/10th NPV and about to convert over $100m of sweat equity into cold hard assets, 83% to be precise!