Member Info for Winstonwolf

Governments are a power force. This mine will be built. I have no doubt now.

I've always said 0.7p on ratification, and onwards higher as more news is announced. It will be a slower burner than people expect but 10p in a 2 year period is not crazy talk assuming they all sign.

And technically speaking, three weekly closes above a resistance line is very bullish.

https://www.tradingview.com/x/BZVPl49h/

As the goonies say "its our time, down here".

Mic drop...

Without jynxing it, a second weekly close about the green resistance line indicates a technical breakout.

The big funds look at this kind of stuff, as well as the fundamentals before ploughing in.

With some positive news flow in the coming weeks, the breakout will all be confirmed.

https://www.tradingview.com/x/pzPNi87K/ (longer time line)

https://www.tradingview.com/x/6VQvoKkI/ (shorter time line)

I'd much prefer a gradual rise as factual news is released, rather than a pump based on hope and false promises.

I hope HAA now knows the difference as we reach this critical stage, because the market won't tolerate anymore nonesense.

Successful delivery and no further delays are now critical for investor confidence.

complete back of *** packet maths but you get my point.

A closer comparison is Rio2. They have a heap leach mine as well. Their resource is 1.3 million ounces. Their annual production is estimated to be 100k ounces with an AISC of $1300/oz. Their market cap is currently £230m and they are about halfway through construction.

Kefis annual production is 1.3 x larger and the AISC is 1.3 x less (conservative). Therefore during construction I'd expect a kefi market cap somewhere closer to 1.3 x 1.3 x 230 = £400m. Assuming they pull it off.

Https://greatlandgold.com/wp-content/uploads/2025/05/Corporate-Presentation_May-2025-1.pdf

Breaks it down better. They are much larger than us.

GGP have 10 million ounces of gold.

Meant to write "is" comparable.

Not from a resource perspective but from a technical perspective.

However it is interesting to see that Greatland gold went from 2011 to 2016 and the sp price went from 4.5p to 0.05p.

Once it broke out from that downturn, the move was dramatic. Not sure if there was a consolidation along the way, but even if there was the move was incredible.

https://www.tradingview.com/x/FkMR9eGR/

Compared with Kefi's current position...

https://www.tradingview.com/x/QFGYBqpa/

By June, that'll be small.

Https://www.tradingview.com/x/lJESThDc/

Kind of old news but good to see it confirmed :)

I'll caveat my previous post by saying..."we're not out of the woods yet".

HAA needs to sign on the dotted line first, with all the t&c's etc etc.

However once AFC is ratified, I'm not sure what else there is holding this thing back.

10-15p is not out of the question.

A $1b market cap based on annual earnings of $260m isn't crazy talk. It's possible. The funny thing will be when gold doesn't stay at $3000/oz and heads much much higher. What happens then, god only knows.

Potential Market Cap (Full NPV): If Tulu Kapi is successfully developed and the market fully reflects its NPV, KEFI’s market cap could reach £908.9 million ($1.14 billion).

Risk-Adjusted Market Cap: Accounting for a 50% probability of success, the market cap could be around £470.5 million ($588.1 million).

These estimates assume current gold prices ($2,800/oz) and successful execution. Investors should monitor financing approvals, construction progress, and Ethiopia’s stability, as these will significantly influence the market’s valuation of KEFI. For the latest share price and financing updates, check sources like the London Stock Exchange or KEFI’s investor announcements.