Assuming that NKP does get the notarisation for its mining license and Zijin are on board. This is still a hurdle though as judging from Genorah's past they seem to stuff up at the last hurdle.
I heard rumor that Anglo/ARM will be dropping their case against the DMR so this should be good for NKP.
I do see that NKP true value is in the 50c+ area but whether this can be achieved in terms of share price I doubt it in the short-medium term. If Platinum is >$1600 and Rhodium price >$2500 (remember there is a large Rhodium content on our UG2 reefs) then its possible.
If Zijin indeed has the intention to take out NKP and take the project private to be just Zijin/Genorah then I can see that a bid of 30-35c may see them over the line.
Its a real shame that all the Genorah in-fighting and NKP mismanagement has dragged the company through the dirt only for it to be set up for a lowish takeover. Then again I am not going to complain as my average is around the 6.5c mark for the shares and a shed load more NKPO at 2cents.
NKP Price at posting:
9.3¢ Sentiment: None Disclosure: Held