My 74 cents was based on what it has agreed to pay for IGC. It failed to recognise that NKP has a "Reserve Inventory" of 4.5 Million ounces and that should be significantly increasd when its quarterly is released in a few days time.
Its valuation therefore must take into account its rerves which IGC is still to achieve.
Its value is probably more like 90 - 100 cents a share as resources get converted to reserves.
Its a cheapy at these prices in any case with tonnes of long term upside.
Looking forwarding to getting confirmation that they have secured the funding to buy out IGC.
NKP Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
