nkp latest

From the rumour mill in Perth it seems that the Wall Street article from about 6-8 weeks ago about Zijin coming in seems to be on the ball.

I have heard that Zijin will be committing in the higher range of $10-20m (this is what the article wrote I believe)for exclusivity and first right of refusal.

NKP and Zijin will then begin to work out a Joint Venture. Knowing the Chinese this Joint Venture could be another 6 months away. Obviously the terms and conditions to the eventual JV (if it works out) is of utmost importance

If this is all true then at least NKP will once again have direction. Short term share price may get a re-rate but maybe not to levels that some may want.

I feel that the real significant re-rate is only when NKP can work out a JV with Zijin.

Hoping that Zijin involvement rumour can be clarified soon by an ASX announcement. I am hoping that its true.

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