We talk about joint ventures with Anglo or Xstrata but dont forget about the Chinese with the deal done with Wesizwe Platinum, new shares issued for 50% of the company and funding provided by way of a loan to finance the project. Amounts to roughly the same deal as a JV in my opinion, provides capital of 200 million straight away, finance, regains the full ownership of ounces which in turn gives exposure to platinum prices rather than give half the resource away to xstrata that equals maybe $30 per ounces. The low market cap at the moment would be very very attractive for them.
NKP Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
