Hi Kiwi,
"I know your pretty good that doing the figures Newie. Me, not some much yet.
We know that there is approx 20Moz in Garatouw 282KT and De Kom 252KT.
Still no update for Hoepakrantz 291KT of the 28 hole they reckon they drilled 2010.
The big thing is trying to work out how much NKP own of the farms after the BEE fest. 50% +
With the X factor priced in,(things on track) NKP was trading in the 60's.
When the market was getting a bit suss, in the low 50's
That's for 40Moz for all farms."
With a positive court case, BFS and JV NKP would have been trading at $1.30 according to the DJ Carmichael valuation and based on Garatau alone. If we wind up with Garatau when the Court cases are over we will still have a DJ Carmichael valuation of $1.30, with a JV.
If we progress with more than Garatau, (+Tubatse) the sp would climb after the Tubatse project/BFS is in place.
If we progress with half of Garatau (or equivalent) we are looking at half of $1.30 with a JV (X or Anglo etc), are we not? 65c, or another 30%?
I agree, "The big thing is trying to work out how much NKP own of the farms after the BEE fest. 50% +". We can then know what the sp should be, but I would reckon it will end up being higher in the mid term, than 45c.
Newminer.
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