UK 05:07 Thursday, 15 October 2026
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Kefi Gold & Copper (KEFI) has issued an announcement including that “early works” at the Tulu Kapi gold project in Ethiopia are ramping up with site activities made possible over the past two months with the deployment of large safety-protection forces and that a site visit has been prepared so that the second co-lender may proceed with its final credit approval “during the next month”. The potential value from a current 0.60p offer price, £36.4 million market cap, here is highlighted with at the current gold price around “$2,500 per ounce, the first full year net cash flow from Tulu Kapi operations is estimated at US$196 million (£154 million), which is estimated as being more than sufficient to then be able to prepay all debt”.
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