Xstrata has paid for the Option to have exclusive negotiation rights with NKP. That was $10M USD and is due in Q3.
So there is plenty of cash in the bank to see them through BFS and beyond. If Xstrata exercise the option, there will be even more support for the stock and the current Director options at 90c will more than likely be exercised also - putting another $60M in the coffers.
Xstrata still on the table Joint Steering Committee table bodes well for NKP and provides further support that they are going to play ball.
All that needs to be determined now is who the investor is - hopefully well known - but that is a short term consideration.
Sit back and watch this progressively grow - as the US and China seem to be trying to get out of recession on the back of manufacturing (cars that is) - platinum will be in high demand for quite some time yet.
All the best of luck to all
MC
NKP Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held
