I, username sydney6791, hereby clarify that the estimated...

I, username sydney6791, hereby clarify that the estimated valuation figure for ENK's Devolli Nickel project in my earlier post should be INCORRECT.

My posts regarding the valuation for ENK's Devolli Nickel project were subjective and only based on the broker's valuation report in Nov 2011. I realize Devolli Nickel as non-core asset of ENK, cannot be divested at the broker's expected price, which can be further verified in ENK's annual report of 2011.

However, considering the total assets of the company and further cash injection from the non-core asset sales, loan repaid, I insist my view that ENK is significantly undervalued.

I apologize for any possible misleading from my earlier posts.

Regards