KEFI recently pivoted onto the fast track after some very frustrating years in its frontier markets. We are an early mover in the Arabian Nubian Shield, operating joint ventures with strong local partners in Ethiopia and Saudi Arabia, and have a built a platform with 1st tier operational management, bankers and contractors.
Market cap of £30m versus portfolio NPV of £348M. NPV increased 3X since H1 2020 due to exploration and permitting success (Saudi) and expected greater interest in Tulu Kapi (Ethiopia)
Estimated potential Net Operating Cash Flow (1) £137M (c. US$185M) per annum from the 3 development projects
KEFI targets becoming a mid-tier producer with 3 projects in production by 2026, at a net production rate of 187Koz gold equivalent (155Koz of gold)
RAB Capital – 8%
Management Ownership – 12%
Plus People & Systems
Eddy began his career in the mining industry in 1986 and has since worked in open cut and underground metalliferous mines, as well as in coal, gold and mineral sands in Australia, New Zealand, USA, Canada, Mexico, UK, Ukraine, Russia, Kazakhstan, Indonesia, Thailand, South Africa, Mozambique and Namibia.
Eddy is founder of GPR Dehler, an international management consultancy which specialises in productivity improvement for mining companies worldwide, especially in the areas of human resources development and performance improvement.
He is adept at providing swift assessment, analysis and development of solutions and strategies for achieving strategic, operational and financial objectives integrating process, people and technology. He is a seasoned facilitator experienced in designing and conducting strategy workshops.
We have built a very strong business/project platform but we need to build an equally solid share register at the holding company level.
It is demonstrated vision and resilence. Now that the working environment has dramatically improved, we can move quickly which should help close the 12-fold gap between market cap and NPV
Lon entry price at a point of infection; strong team and structure; should be a mid-cap in 3 years