We now move to part 3 of this saga - Return of the Leopard!
NKP has regained all previous rights to EG farm which has always been the key part of Tubatse with its surface mineralisation.
The best story for investors can now unfold and the company release hints to it. Returns will be maximised by developing a mining plan that starts with the EG surface deposits which would be a low capex low cost operation and add to that potential chrome efficiencies exploitation with the nearby Xstrata operations.
The other major point is that if we have a low capex initial mining plan, NKP could do this without giving away 50% of the project and mine through an experienced contracted such as JIC.
On the surface it may appear disappointing that BFS is not completed but there is enough on the table now to support a change in strategy.
BR Max
NKP Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
