This is what I reckon its value will be initially post IGC...

This is what I reckon its value will be initially post IGC acquisition based on the value being paid for IGC 15%.

Potential Ounces of total project: 95 Million

74% attributable to NKP

= 70,300,000 potential ounces

Paid $6.66 per potential ounces with IGC purchase.

($60M/9M oz)

Deduct $60M worth of purchase debt.

= $408M. Now Divide by 554M shares.

Valuation would be say 74 cents a share using the IGC purchase valuation as a yardstick.

It would seem that NKP is cheap.