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  1. Pleb
    1,192 Posts.
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    13/04/09
    01:04
    Post #: 5005865
    62strat,

    From my reading it of the KIK JV announcement I'm just wondering whether they have estimated the costs of developing Tindalo and Yakal to be aproximately $26M. If so, this would enable KIK to be free carried into production.

    As for the breakdown of the next $26M of costs in SC 54 shallows it will be as follows.

    NDO 60% = S15.6M
    KIK 23% = $6M (paid by 'Investors')
    'Investors' 17% = $4.4M


    NDO Price at posting: 10.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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