KEFI will be bigger than Atalaya, says Harry Anagnostaras-Adams
Episode 2279, Jan 13, 11:11 AM
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KEFI Minerals is now moving into the construction phase at its Tulu Kapi gold project in Ethiopia, at a time when the gold price continues to hit new highs. According to one broker, this project is the second highest margin gold development project in Africa, and at a production level of 160,000 ounces, the cashflow is likely to run into hundreds of millions of dollars. But KEFI isn't just a one-trick pony. It is also exceptionally well positioned in Saudi Arabia, and even though Ethiopia takes priority, there is plenty of value and millions of ounces on offer there too. KEFI's chairman Harry Anagnostaras-Adams walks us through the latest.
KEFI Minerals is now moving into the construction phase at its Tulu Kapi gold project in Ethiopia, at a time when the gold price continues to hit new highs. According to one broker, this project is the second highest margin gold development project in Africa, and at a production level of 160,000 ounces, the cashflow is likely to run into hundreds of millions of dollars. But KEFI isn't just a one-trick pony. It is also exceptionally well positioned in Saudi Arabia, and even though Ethiopia takes priority, there is plenty of value and millions of ounces on offer there too. KEFI's chairman Harry Anagnostaras-Adams walks us through the latest.