d&d update 120310, page-9

Pete

i am just speculating.

Xstrata purchased Eland Platinum for US$1b before production was well underway.

Aquarius Plat which is producing far less than NKP's 1m target is valued at over $6 a share. Its share price got to $18 at its high tide.

Northam is also valued at over US$2.5b

Xstrat purchased only 25% of Lonmin for nearly 2 billion dollars. Production around 600,000 oz pa.



For US$2.5b Xstrata could get 100% of NKP and 1m oz of platium pa. For Genorah Res it may be worth considering.


Forget about todays 50c sp. Its the 63% of the company that the BEE Group owns which will swing any takeover deal.

Just my thoughts. No facts or rumours to back them up.Wishfull thinking on my behalf.