lets just say for 95cents, i reckon thats still cheap relative to nkp is getting from us. I stress the point that second mine is on igc's land. Without us they only have one mine which is north. in the south if u have a look at the photos, u should be able to see the flat land are igc's land and their 59% is all hilly and steeper. Try and build a mine on that :).
Plus 1m ounces per year with 2 mines, so does that mean 500k ounces only with 1 mine if we use the simple calculation. @95cents it will only cost them around $130m. $130m can be recovered in no time once in production as platinum is around 1500 to 1600 per ounce now. By the time nkp goes into production, world economy would have recovered from the slump that is in atm and also have you guys noticed that more people are buying platinum jewellery instead of whitegold?:)
IGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
