A joint venture is now certain.It is only details now .
The previous share price was reflecting uncertainty of ownership.
If you try to imagine for a short time that none of these disputes ever happened ,and look at the asset ,a near complete ,optimised DFS ,and a JV partner nearing completion of negotiations ,then 24c or $150m market cap is ludicrous.
Also,since suspension we have seen nationalisation debate quashed ,and Juius Malema banished .
Its all steam ahead now ,and NKP is going mining.
This is what the market wanted ,and now its got it.The details can now be worked on ,and agreements signed with full security of tenure .That could not happen before .
There will be competition among major companies for a slice of the action ,if it hasnt already been decided .( I personally think it has ,and NKP will be moving to tie up the legals as soon as practible )
NKP Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held