This transaction provides Xstrata with entry into the prospective Eastern Limb region and access to a significant, continuous PGM block. The joint development of these properties with Nkwe and Genorah, together with a downstream processing operation, will provide significant growth in mined production and refining for all partners, helping to establish Nkwe/Genorah as an independent, integrated producer of scale and adding further growth potential to our rapidly developing platinum business.
While the draft of the BFS indicates it's feasible, which is great news for NKP, is it feasible enough?
Will Xstrata after pouring it's expertise into the BFS walk away and allow another company to profit from it's expertise?
We'll be closer to knowing the answers after Tuesday I suspect.
DYOR.
NKP Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held