KEFI Minerals - KEFI Stream Log

Beaufort's note out this morning on Research Tree:"Minerals continues to progress and refine the Tulu Kapi gold project as it looks to secure funding. Management continues to de-risk the project and the above announcement reflects the commitment of contractors in their support of the project. Over the coming weeks and months, we look forward to updates regarding finalisation of project financing combined with the recently announced US$20m equity investment by the Government of Ethiopia."

"Since our last update note on 10 March, KEFI has announced a £1.75m equity raising; confirmation that the Ethiopian government is to take an additional 20% interest in Tulu Kapi in return for a US$20m funding commitment relating to infrastructure (vs our prior expectation of 25%); a reduced capex estimate and modified funding requirement mix; and, replaced the construction contractor with market leader Lycopodium..." Just scraped this from Research tree...

SP Angel's note out this morning: "Kefi Minerals has announced that as a result of refining its 2015 Definitive Feasibility Study (DFS) it has achieved savings of around 9% (US$13.3m) in the estimated capital cost of developing its Tulu Kapi gold project in Ethiopia... Kefi Minerals has achieved significant reductions to its capital expenditure estimates for Tulu Kapi through what appears to be a meticulous review of the engineering requirements even though it is now looking to mine the orebody some three years faster and produce more gold each year of the revised 10 year mine life." Pulled from Research Tree

Since i own a few cey and nyo, i have bought a few kefi, i hope they do better than nyo!

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