Since our last note in July, KEFI has updated its capex forecast for Tulu Kapi as well as the consequential funding mix. KEFI has also advised that the start of Tulu Kapi gold production is now expected to be mid-2018 (vs late 2017) due to recent events in Ethiopia and subsequent mitigating actions by the government. Finally, Edison has also updated our long-term gold price forecasts which have reduced our valuations.
21 Nov 2016
Still aiming high
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Still aiming high
KEFI Gold and Copper PLC (KEFI:LON) | 0.6 0 2.2% | Mkt Cap: 33.0m
- Published:
21 Nov 2016 -
Author:
Charles Gibson -
Pages:
9
Since our last note in July, KEFI has updated its capex forecast for Tulu Kapi as well as the consequential funding mix. KEFI has also advised that the start of Tulu Kapi gold production is now expected to be mid-2018 (vs late 2017) due to recent events in Ethiopia and subsequent mitigating actions by the government. Finally, Edison has also updated our long-term gold price forecasts which have reduced our valuations.