The Tubatse resource commences from near surface to a depth of no more that 1,100m for the UG2, with the Merensky Resource commencing form surface to a depth of no more than 700m below surface.
This is very important to understand with NKP . The mining costs in the early years will be considerably lower from shallow reefs ,compared to many of the other major producers ,that are working depths of around 2000m . Once the investment community realise, NKP will rise very quickly to proper IGV . Xstrata will be very pleased to snap a major world resource of precious metals for the cost of building a mine .
NKP Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held