NKP 0.00% 9.9¢ nkwe platinum limited

Further to my previous post....i found the links i was...

  1. 180 Posts.
    Further to my previous post....i found the links i was after....would be interested in thoughts on why Xstrata would be mentioning these things as late as May 2011 if the 3 year old agreement was dead and buried?

    Straight from http://www.xstrata.com/annualreport/2010/performance/alloys/developments.html?cat=m

    "On 30 November 2010, the South African Constitutional Court set aside Nkwe Platinum Ltds current exploration rights pertaining to the two southern farms, which do not form part of the current Garatau bankable feasibility study process. Nkwe are reviewing their options. The bankable feasibility study for the northern Garatau portion of the Nkwe and Genorah Resources Ltd project area, located on the Eastern Limb of the Bushveld Igneous Complex, was expected to be completed by the end of 2010, but has yet to be finalised and is currently being reviewed by the Nkwe Board. Xstrata Alloys anticipate completing their review by the end of the first quarter of 2011, following which Xstrata will decide whether to exercise the 50% participation option it has acquired."


    And to quote Shadowboxer1 Post#6697330

    "BAML Global Metals & Mining Conference - May 2011 Xstrata

    http://www.xstrata.com/content/assets/pdf/x_speech_201105101.en.pdf

    Page 22 they have Garatau as one of the Five largest mine projects by output in 2015 in the PGM's sector?"
 
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