The firmula for explaining such events is always the same.
If the deposit is world class Economic Is going up in value by the day with the corresponding rise in metal price
Then the seller is
1. A dill. 2. Needed the cash. 3. Participated in a lower priced raising and is closing out a profit because they were only ever a professional placement particpant and not an investor. 4. Has found something sexier to invest in (or thinks they have). 5. His missus finally discovered that he has been punting the resource sector with the retirement fund.
NKP reckons this project will generate a free cash flow of $US100M a year at current long term forecast Platinum prices.
What will the numbers look like over the next 6 years, when the price of gold (which Platinum will track up) explodes?
The train is leaving station now, by year end (end of BFS), it should be well on its way.
This is a no brainer, the hard part is finding the resource in the first place.
NKP Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held