Member Info for tintin35

could def fit a swimming pool on that...

still buying it then....

back up again mindless rampety rampety ramp......

Christ this place reminds me of going to Boro games - you go to support the team but find yourself surrounded by season ticket holders who moan at every pass and would love nothing better than watching their team lose just to be able to say "typical Boro". I'm invested heavily in this share (unlike many of you - you know who you are) and want this to go much higher. I don't apologise for that - I couldn't give a f*ck whether you call it ramping or not.

50% up! BOOOOMMM

back the right way now - annoyed no spare dosh to get in below 1.3p

14 out of the last 18 trades all uneconomic - can't rely on these to indicate what's going on

Maybe explained by lack of spreadex trades today - all significant amounts...we're used to seeing trades every few seconds

but how does that explain the tiny trades (70p? £1?)

looking a lot better for tomorrow!

are making up about two thirds of all the trades here with their p*ddling little non economic deals blatantly manipulating the SP - ridiculous and should be reported. It's scandalous what they get away with

I have a feeling that post may come back to haunt you.

I hope.

this has gone up every day for a week now (50% up) - bound to be some profit takers - not worried - if we can get close to 2p by the time Saudi or funding news arrives that would be a fantastic achievement.

lol

The Jibal Qutman Exploration Licence ("EL") is located in the central southern region of the Arabian-Nubian Shield and covers an area of 99.9km2. The EL overlies part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.

KEFI Minerals completed a Pre-Feasibility Study (“PFS”) on the Jibal Qutman Project in 2014. The PFS demonstrated a profitable carbon-in-leach (“CIL”) operation with All-in Costs (including operating costs, capital expenditure and closure costs) under $1,000 per ounce.

Exploration drilling subsequently identified additional oxide gold mineralisation that is amenable to heap leach (“HL”) processing. Accordingly, the Company subsequently evaluated producing gold via an open cut, HL operation. The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.

Given the established regional prospectivity for shallow oxide gold deposits, EL Applications have been submitted for four additional areas near Jibal Qutman. Information on Jibal Qutman's geology and mineralogy is available in this conference poster.
Drilling undertaken since the EL grant in 2012 has identified gold resources in seven areas - Main Zone, West Zone, South Zone, South Zone Southeast Extension (“SZSE”), 3K Hill Zone, 4K Hill Zone and Red Hill.

In May 2015, KEFI released an updated Mineral Resource estimate of 28.4 million tonnes at 0.80g/t gold, containing 733,045 ounces for Jibal Qutman. This represents a 48% or 237,851 ounce increase over the March 2014 resource estimate for Jibal Qutman.
The oxide gold mineralisation contained with the above Mineral Resource is estimated to total 11.1 million tonnes at 0.80g/t gold, containing 287,000 ounces.

Preliminary Economic Assessment for Jibal Qutman HL Operation

Metallurgical test work has confirmed that Jibal Qutman oxide mineralisation is amenable to HL processing and that agglomeration is not likely to be required apart from the South Zone deposit.
The oxide gold mineralisation contained with the above Mineral Resource is estimated to total 11.1 million tonnes at 0.80g/t gold, containing 287,000 ounces.
Metallurgical test work has confirmed that Jibal Qutman oxide mineralisation is amenable to HL processing and that agglomeration is not likely to be required apart from the South Zone deposit.

Jibal Qutman EL

The Jibal Qutman Exploration Licence ("EL") is located in the central southern region of the Arabian-Nubian Shield and covers an area of 99.9km2. The EL overlies part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.

KEFI Minerals completed a Pre-Feasibility Study (“PFS”) on the Jibal Qutman Project in 2014. The PFS demonstrated a profitable carbon-in-leach (“CIL”) operation with All-in Costs (including operating costs, capital expenditure and closure costs) under $1,000 per ounce.

Exploration drilling subsequently identified additional oxide gold mineralisation that is amenable to heap leach (“HL”) processing. Accordingly, the Company subsequently evaluated producing gold via an open cut, HL operation. The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.

Given the established regional prospectivity for shallow oxide gold deposits, EL Applications have been submitted for four additional areas near Jibal Qutman. Information on Jibal Qutman's geology and mineralogy is available in this conference poster.

Mineral Resource Estimates for Jibal Qutman.

Drilling undertaken since the EL grant in 2012 has identified gold resources in seven areas - Main Zone, West Zone, South Zone, South Zone Southeast Extension (“SZSE”), 3K Hill Zone, 4K Hill Zone and Red Hill.

In May 2015, KEFI released an updated Mineral Resource estimate of 28.4 million tonnes at 0.80g/t gold, containing 733,045 ounces for Jibal Qutman. This represents a 48% or 237,851 ounce increase over the March 2014 resource estimate for Jibal Qutman.

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Jibal Qutman EL

The Jibal Qutman Exploration Licence ("EL") is located in the central southern region of the Arabian-Nubian Shield and covers an area of 99.9km2. The EL overlies part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.

KEFI Minerals completed a Pre-Feasibility Study (“PFS”) on the Jibal Qutman Project in 2014. The PFS demonstrated a profitable carbon-in-leach (“CIL”) operation with All-in Costs (including operating costs, capital expenditure and closure costs) under $1,000 per ounce.

Exploration drilling subsequently identified additional oxide gold mineralisation that is amenable to heap leach (“HL”) processing. Accordingly, the Company subsequently evaluated producing gold via an open cut, HL operation. The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.

In Saudi Arabia, our Hawiah Project is a significant copper-gold discovery and follows our earlier gold discovery at Jibal Qutman, for which we have lodged a mining licence application. We have registered applications for exploration of other areas selected from our proprietary database, aggregating more than 1,000 square kilometres in Saudi Arabia.

https://www.kefi-minerals.com/strategy

This includes a map which shows where everything is.

from kefi website
Flat 20% corporate tax;
No royalty on minerals;
All commodities are available to all groups, including 100% foreign owned companies;
Security of tenure through all stages of exploration and development;
No restrictions on foreign exchange; and
No restrictions on repatriation of capital and profits.
Accelerated depreciation; and
Exemption from import duties on capital items imported for mining projects.

One of the main reasons for the modernisation for the Mining Investment Code was to attract foreign investment and mining technology.

Mining History

Saudi Arabia has been a historic producer of gold with gold mining extending back over 5,000 years. The Mahd Adh Dhahab (Cradle of Gold) mine has been estimated to have produced over six million ounces of gold since antiquity. It is reputed to be the fabled King Solomon’s Mine and is still in production today with remaining resources of more than 1 million ounces of gold.

The Saudi Arabian Directorate General of Mineral Resources (DGMR) commenced gold exploration in the 1970s, following a rise in value of the metal. The United States Geological Survey (USGS) and French equivalent, Bureau de Recherches Géologiques et Miniéres (BRGM), were commissioned to document and evaluate the mineral occurrences over a 25 year period from the 1970s to mid-1990s. Over 5,000 historic mines and occurrences were discovered.

Some larger international companies, such as Noranda, Boliden, Utah, Rio Tinto and Petromin (now called Ma’aden) explored Saudi Arabia for gold and base metals in the late 1970s to early 1990s. Since 2000, Ma’aden has discovered JORC-compliant resources totalling approximately eight million ounces of gold in the Central Arabian Gold Region. Relatively little modern exploration has been undertaken in the large Precambrian Shield of Saudi Arabia, which measures approximately 1,500km north-south and 800km east-west, and there remains substantial potential for further discoveries of significant gold and copper deposits.

712 million pounds of proven and probable copper reserves, Ma’aden-Barrick expects to produce 45-60 million pounds of copper in 2019.

Saudi Arabia's mining sector continues to expand and provides a growing opportunity for U.S. companies. The government plans to make mining the third pillar of the economy, alongside oil and downstream petrochemical production. In March 2018, former Saudi Energy Minister Khalid Al-Falih announced that the Kingdom has $1.3 trillion worth of mining resources and aims to quadruple the size of its mining, renewables and logistics sectors. The Ministry of Energy, Industry and Mineral Resources (MEIMR) seeks to increase mining’s contribution to GDP from $3 billion (over the last five years) $64 billion by 2030 and generate more than 25,000 new jobs in the industry.

Recent changes in Saudi Arabia’s mining laws have created conditions which allow greater access for foreign investment in the Kingdom’s mining sector. The new laws allow for companies to work either with Saudi’s parastatal Saudi Arabian Mining Company (Ma’aden) or through joint ventures with local companies. Furthermore, there are sizable domestic, regional and neighboring markets in the Middle East and Asia for high grade, industrial raw materials from Saudi Arabia.

Ma’aden continues to grow at brisk pace and has more than tripled its net income from 2017 to 2018. Furthermore, Ma’aden’s first international acquisition of Mauritius-based Meridien is expected to close in the third quarter of 2019.

Saudi Arabia offers medium risks to investors with a quality transportation network, low utilities costs, low crime rates, and limited employment costs due to the lack of an official minimum wage. However, incoming businesses face significant labor market risks due to a small domestic labor force with basic numeracy and literacy skills, a lack of female workers and rising government focus on creating more jobs for Saudi citizens, which restricts the number of skilled foreign laborers.
The most developed and lucrative sector of the Saudi mining industry continues to be gold. Ma’aden operates six gold mines in western Saudi Arabia, including the Ad Duwayhi mine which began commercial production in 2017, and produced 275,000 ounces in 2018. Ma’aden plans to spend $67 million on new exploration in 2019, marking a three-fold increase in its investment commitment on previous years. It also launched an Accelerated Exploration Program to shorten the time needed to move new discoveries into development.

Ma’aden’s Gold and Base Metals Company (MGBM), manages the production and sale of Ma’aden’s gold, copper, silver, and zinc, with gold accounting for the largest segment. MGBM produced 415,000 ounces of gold in 2018, and aims to increase this to 1 million ounces a year under Ma’aden’s 2025 strategy.

Copper
Ma’aden Barrick Copper Company is a 50-50 joint venture between Ma’aden and Barrick Middle East. In 2018, it produced 55 million pounds of copper. With 117 million pounds of measured and indicated copper resources, 13 million pounds of inferred copper resources, and 712 million pounds of