waiting... waiting, page-27

if we get the cash to develope through the JV, and dra as tech operators.

Then, view that no further capitol dillution occurs to NKP, THEN, notably, the cash speaks, 600m on the table, that, the NPV of the compined growth cycle, of Dekom and UG2, will be cash flowed from existing operations of phase 1?,,

THEN that NPV of ooooooh, say 2 Billion, x NKP peice of the pie, ought to be reflected, with some modest discount in the mc, if the market views we get past each risk phase.

Two hurdles.

1) devleopment cash in a GFC. What is NKP worth with its stake of pie with the cash sitting there.? Hurdle 1 cleared.

2) Anglo settle. For DRA and jvs to be confidenet enough to put up the cash, must be convinced of the merrits in strength of NKP legal status. (and reminder that anglos PAJA claim is against DMR, not NKP?)

Anglo mine currently closing in on H farm boarder, and will need to stop if they dont settle to take H-farm.

We proceed under 1, and when anglo have stopped operations, they finally agree to 2.?? if not as common sense would suggest, earlier.

In the mean time, the sp has risen, with potential part take over offer? and a golden star for getting the devlopment cash, and stop us if you can bravoere.

Last but not least, a full blown take over, by such as Anglo, Glencore, or even Aqurius view to cheaper operations.

Cash on the table speaks volumes.