nkp summary, page-9

Hi 1stocks1,

The Anglo/ARM issue on expropriation I believe is a really long shot. I can see that NKP BFS numbers would further improve if they can get access to the downstream processing facilities from Anglo/ARM.

Anglo/ARM has had from 2008 and my bet is that there has been more than one appeal to date which has been dismissed. I would say the granting of the mining license is the best indicator. Oh yes when is the mining license going to be officially signatorised? There was a lot of rumour that it was going to be done in late April then in May. I can see that any possible JV partner is going to ask for this to be done as a prerequisite just due to logic.

I think people are going to continue to sell because they do not believe in NKP and its management. They have a reason to be this cautious in my opinion. To date trading has been the only to make money on NKP. Anyone who has been holding long term with say a 45c+ average may not see a huge return even after a sealed Joint Venture. If your average is 45c+ I think you are more concerned about regaining capital because as of right now you are still on a 2/3 loss.

Good Luck to all. Next target for NKP is 20c...hopefully can be reached today.