I was a shareholder years ago. NKP kept under deviled what management promised. Lots of suspensions, ended up with nothing substantial. Current sp is even below GFC's low. Majority of the PGM assets, Tubaste has been in dispute for ages, even Garatau. That could leave NKP with net resource, minimum 15Moz PGM, not 68Moz somewhere near. NKP doesn't own 100% of the projects.
the 2013 DRA feasibility study shows, IRR is only around 17% for part of Garatau. Mining cost per ounce over $850, plus other costs, it is hardly economically viable if UG2 can't be mined together.
Zinjin involvement is a good move, but country risk is overweighted.
I lost quite a few bucks because I believed NKP huge resource would drive sp, but country risk, management, ownership dispute, just not worthwhile to risk hard earned money on this "gem" or jam.
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