Member Info for tintin35

I take it back - Oilbit is 42 - well done!
It's the pumped or dumped site

...I'm only 36 - been ramping the sh*t out of this for ages. :)
http://******************/rampchecker/rampcheckbytidm.php?search=kefi

They should do one for****** like OIlbit and Smelly arse though...

The Saudi minister of industry and mineral resources, Bandar Al-Khorayef, has issued seven decisions relating to the largest allocation process for mining-reserve sites in the Kingdom. They include 54 sites covering an area of approximately 4,000 square kilometers. The decisions are part of the leadership’s goal to develop the mining sector.
does this mean that they have agreed to develop Jibal Qutman further?

Given the established regional prospectivity for shallow oxide gold deposits, EL Applications have been submitted for four additional areas near Jibal Qutman.

If I was their consultant and thought Oilex was going down I wouldn't accept shares instead of cash - but they did....

nope - different mine - but could be interesting though if they get the licence;

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

We look forward to releasing the initial Hawiah Mineral Resource in August and thus providing further confirmation that our valuable Hawiah deposit has the scale and grades for a potential long-life, profitable mine. At current copper prices, it is notable that the in-situ value of Hawiah is already likely to be more than US$2.5 billion."

The rns today was just a precursor for what we are waiting for - the actual detailed results from Saudi and that will come in a few weeks. This should prop us up though for the time being.

The question I posed at 7.45am was "I wonder when we get the first miserable git moaning about "more delays from Harry"?"

The answer was Smellyarse at 8.51am! Any winners?

This is not our only Saudi prospect - we also have Jibal Qutman
https://www.kefi-minerals.com/projects/saudi-arabia/jibal-qutman
The key outcomes from a Preliminary Economic Assessment for Jibal Qutman completed in May 2015 were:

1.5Mtpa HL operation;
Gold production c. 140,000 ounces over an initial mine life of four to five years;
Oxide open-pit optimisation studies show a potential mineable resource of 6.6 million tonnes at 0.95g/t gold, for c. 200,000 contained ounces;
Waste:ore ratio of 2:1;
Average gold recovery of 70%;
Cash operating cost of c. $600/ounce; and
Capital expenditure of c. $30 million.

highest sell price I've seen so far is 1.73p - so we're stuck with OIlbit for a bit longer :/

You will note (if you bothered to look) that the SP reached 1.85p. Maybe you should try getting out of bed a bit earlier?

1.825p cracked

2.5p today? - who knows?

similar to;
https://www.amak.com.sa/our-business/al-masane-project/

will take that ANY day....

The Hawiah deposit is shaping up to have similar mix of metals and to be a larger deposit than the nearby operating Al-Masane underground mine in southwest Saudi Arabia.

...when we get the first miserable git moaning about "more delays from Harry"?

nearly double....
KEFI previously advised in February 2020, that the combined volumes of these three lodes in the sub-vertical structure drilled to date was likely to exceed 12 million tonnes. The wireframes constructed for the Mineral Resource Estimate ("MRE") now indicate that the combined tonnage of the massive sulphide lodes will likely be in the region of 20 million tonnes.

Material increase in Maiden Hawiah Resource now expected

Saudi Arabia's Cabinet Approves New Mining Law

Highlights

· Larger maiden resource of c. 20 million tonnes now expected in August 2020, an increase of 66% from the previous target of 12 million tonnes



· This is based on completion of the first 9 months drilling and subsequent analyses and interpretation, covering a strike of over 4km to a depth of up to 350m



· Hawiah remains open along strike and depth, where some higher grade intercepts have also been encountered, for further follow-up



· Expected average copper equivalent grade of c. 2% copper, representing c. 400,000 tonnes of contained metal, with an in situ value in excess of US$2.5bn at current market prices



· Saudi Cabinet recently approved new mining investment law, which should help unlock value at KEFI's additional Saudi projects, including the Jibal Qutman Gold Project

bit of nervous buying right at the end "in case an rns pops at 7am"

again - why are you here? If you're invested why haven't you sold?

excellent - they're all looking busy....