Ann: Cleansing Prospectus , page-24

agree, surely there is a "de-risking" value that is attributable to the mining licence once it is received, and all other conditions precedent are met...??

So, to use the 9-10c as the base plus any TO premium is silly... It is clear that Zijin are taking cautious steps because there is still a need for caution with regard to the asset/company...

if NKP is successful in getting all conditions precedent satisfied, then surely this caution is removed and add significant value to the SP..?? Which then forms your base I would have thought