Member Info for Xhita

Still around 60m overhang from last week that's all.

I took more this morning.

The update was 100% positive and now shareholders are in a much stronger position

SA will just do it's thing with little distraction in my opinion. There's multiple opportunities and even a small chunk of the action for minimal effort is very rewarding.

In 2 years we'll be watching the quarterly mining and financial updates. The share price will be 4 X the current in my opinion and other opportunities will be plain to see for everyone by then.

Hopefully the lights have come on for some who were in the dark. There will be some dark days ahead for sure but for now it's a beautiful day in Casablanca and I have a presentation to deliver

Diggit. I Love seeing those green boxes after my posts.

To know the bonkers morons are wasting their time makes me smile inside. Obviously I never smile outside, that would be unprofessional

Contrary to some views KEFI are opening this mine.

Now there's all to play for. All those other opportunities light up.

This project is a cash generator and is going to transform Kefi from a cash consuming entity to a cash producing regional heavyweight that can select and execute additional opportunities using the infrastructure they are having built now.

It's a very exciting time to be on board.

Qnard. I said quite clearly that they aren't project stopping matters in my opinion currently.

The diesel situation will play out. With America attacking again overnight and no end in site we'll have to wait. However I am sure we can both agree that running out of diesel in country would certainly cause delay.

Hopefully that ends the nonsense

On time and on budget

Nice work

Tayara I am speechless. As of now Diesel is a problem. There are and will be many problems. Ebola is also a problem.

As to how much of a problem we'll have to wait and see.

Obviously the area is unpredictable currently. TK is going to be a large consumer of diesel for bulk earthworks.

It makes sense to be aware and not to just dismiss the obvious

Dogstar it seems that you know a whole load of nothing about nothing.

I wonder how you get through the day. Obviously there's a timeline and nothing is done until it's done.

Maybe you just have to wait and see before applying the same logic to every other part of the timeline.

You can't go through this assuming the professionals within the contractors appointed with their long history of delivery are somehow going to forget to turn up for work.

Why wouldn't they be following the timeline??

The gold at Guji is still in the ground just the same. It was discovered and no further testing took place beyond what's recorded. They didn't think it was enough to support a mining operation. Clearly even you must see with a mine 3km down the road it could well now be viable. Any of hundreds of targets could be viable.

Honestly you can't go through life expecting failure it's ridiculous

Dogstar. At Guji that is 3km from the mine site they no longer need a reserve capable of supporting a mine. TK supports the mine. The goal isn't to build another $350m mine 3km down the road. They no longer need a 1m oz reserve to cover a project, they have that already.

Now in the immediate proximity they can use something much smaller if it's higher grade to supplement what they have. They can grind and process along with the TK material in the same system or they can extend capacity.

Of the $350m around 40% only is building the factory.

So now they lower the threshold considerably. 100k oz and above becomes very worthwhile if it's cheap and easy, they can add material from multiple targets because they will have a mine site already.

I don't understand the mentality about raising funds, who's pockets are they lining?? Are you suggesting fraud or theft?

Clearly raising funds is what a listed explorer does, why else would they be listed.

The result looks like money well spent to me

Ebola yes definitely. However I don't think it'll have a massive impact on TK. The risk with Ebola is the government actions taken to limit it.

I am also concerned about the current availability of diesel. TK has priority but obviously if there is none then it doesn't help. This today highlights the issue.

hTTps://africa.businessinsider.com/local/markets/ethiopia-warns-egypt-cannot-block-its-push-for-red-sea-access-as-strait-of-hormuz/2ebysmk

Being cautious is reasonable however between now and first gold there will be multiple risks and multiple warnings.

All that's important now is you need to believe they are building this mine, they are using the best contractors and the funding plus some is in hand.

My advice for what it's worth is buy as low as you can and survive the ride. It'll go up and down many times for almost no reason but it'll be multiples higher when production underpins the value.

Are you staying for the ride.

I am

Ebola yes definitely. However I don't think it'll have a massive impact on TK. The risk with Ebola is the government actions taken to limit it.

I am also concerned about the current availability of diesel. TK has priority but obviously if there is none then it doesn't help. This today highlights the issue.

hTTps://africa.businessinsider.com/local/markets/ethiopia-warns-egypt-cannot-block-its-push-for-red-sea-access-as-strait-of-hormuz/2ebysmk

Being cautious is reasonable however between now and first gold there will be multiple risks and multiple warnings.

All that's important now is you need to believe they are building this mine, they are using the best contractors and the funding plus some is in hand.

My advice for what it's worth is buy as low as you can and survive the ride. It'll go up and down many times for almost no reason but it'll be multiples higher when production underpins the value.

Are you staying for the ride.

I am

Having the Ethiopian government as partners guarantees security I suspect.

The arrangement for TK is security funded by TK is responsible for on site security and government forces are responsible for the vicinity around.

The route for gold won from the site is through the government

They value isn't really finding years and years of potential it's finding something small, easy and high grade nearby to supercharge what they have already.

Crisu why wouldn't it be true. There's hundreds of historical and current gold near surface activities to the West of TK. The geology swarms to the west at surface creating zones of trapped metals that are clear to see.

Other TKs are inevitable. With infrastructure in place it all becomes possible, even for smaller pockets of high grade. With $6m in funds for exploration from the fund raise just one bolt on resource more than justifies the dilution.

The economics of TK when extended over 15, 20 or 25 years becomes huge.

The primary goal is getting TK built but that's largely now in the contractors hands. KEFI can focus on a plan to add value to the project.

hTTps://www.kefi-goldandcopper.com/files/files/KEFI-NewGenGold-Conference-Pres-14Nov17.pdf

There are 8 solid targets with good grades from trench and drill within 2km to 15km.

KEFI said this about proximal targets.

KEFI can quickly add to Tulu

Kapi low-cost, open-pit gold

production

Shallow gold resources within

trucking distance of TK

processing plant or as a stand-

alone heap-leach operations

Potential for 300-500Koz at

1.5g/t Au of oxides in shallow

open pits (40m depth) along the

+9km long Komto-Guji Belt

Initial heap leach operations could produce an additional50Koz p.a. with low stripping ratios and high gold recoveries

Low operating and capital costs as infrastructure provided by the planned Tulu Kapi mine.

They said this about underground expansion.

Thick, high-grade gold zones below open pit

Preliminary studies based on current resource only:

o Open Pit + Underground production ≈ c. 200Koz pa

o Additional NPV8% ≈ $23M (at $1,200/oz)

o Low AISC of c.$845/oz for underground

o Mineable resource outside open pit is Gold1.3Mt @

5.2g/t Au containing 220Koz

o Mineralisation open at depth, along strike and down

plunge

o Gold grades increase and ore lenses thicken with depth

o Gold mineralisation is expected to extend deeper and

+800m further north

o Potential to mine 1Moz below open pit

Reviewing the proximal discoveries and open results from the partially probed underground targets it's clear that TK as we see it now is a small part of what's actually there. Multiple trench and drill results from easily truckable targets to the TK mine for processing.

Deep high grade targets under and dipping from the current known resource.

Then multiple historical activities and samples to the west. It's clear from the satellite where to look between TK and the South Sudan border.

KEFI with TK under construction can made rapid progress in exploration proximally and regionally.

HTTps://africa.businessinsider.com/local/markets/africa-cdc-warns-10-countries-at-risk-as-congo-ebola-outbreak-worsens/kfyg1kx

This didn't stay a non story for long as I suspected.

No direct impact on TK but it will restrict movement for sure. Indirectly it could cause issues for example with Lycopodium depending where they deploy from in Ethiopia.

Directors talk. LSE has them as undisclosable

https://www.***************************/kefi-notes-ethiopia-cyprus-diplomatic-progress/4121251905

strange side gig for harry.

"consultations do not change kefi’s project timetable"

i think that most of us just want it delivered on time, no surprises, no rush and into high gold prices.

the rest will take care of itself.

Deedee obviously we hope so although it's already spread to Uganda evidently by two people unknown to eachother. It may be old news where you are but here in Morocco it's news that's very current. At Tangiers port there were signs telling travellers to declare if they had been outside of Morocco in the past 3 weeks.

At home in Spain it's also getting coverage.

Is it a risk to the TK timeline, very unlikely.

Ultimately there are risks everyday in a project with hundreds of variables. This is why the management opted for fixed pricing on contracts.