broker report

If you go to www.edison.co.uk and search for NKWE Platinum you will see three reports dated March 2008; March 2009 and Sept 2009. Unsure whether NKP is paying for these reports!!!!

The NKP valuation has gone down from $7.50 when NKP had 512m shares and estimated annual production of 1.38m oz to current valuation of $3.50 based upon 634m shares and production of 1m oz pa.

Hopefully no more dilution?

The $3.50 target may be reached once both resources ( north and south farms) are in full production. That may be late 2013?

I would anticipate that once the BFS is accepted by Xtrata ( Q2 2010 at a guess)and that they are happy with a JV then the NKP sp will above $1.