When the dispute with Anglo and ARM is cleared and NKP is free to attract JV partners for Garatau just remember Edison's valuation last year on this project alone excluding Tubatse.
"Based on an in-situ resource valuation of its peer group, we value Nkwe at US$501.6m (A$545.9m) or A$0.91/undiluted share.
The shares also trade at a discount to our DCF valuation of Garatau of A$0.92/fully diluted share which excludes the value of potential cash flows from Tubatse, an expanded production profile at Garatau and higher platinum prices."
Nearly time for the leopard to reappear. Unfortunately it walked back into the cage this past fortnight.
NKP Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
