I did some numbers a few months ago and they are obviously based...

I did some numbers a few months ago and they are obviously based on some assumptions, unknowns, and guesstimates... also not taking into account acerage that nkwe still have but may need to trade off to get the show actually on the road..... I also believe that the more drilling that eventually gets done the bigger the actual resource will be proven across all of the properties...anyway I ran a few exercises-used a Pt spot price of $1550- 1650, Pd $500-600, Rh $2800-$3000
Shares on issue at the time 623 million.
At the time the global comp EV to Resource once was in the $$48-$52 range. ( nkwes was a small percentage of this at the time and even smaller now )

Based on my research I valued
Hoeperkrantz at between $550-$600 million
De-Kom $30-40 million
Garatau $900-1000 million
Eerste Geluk $420-460 million
Nooitverwacht $150-$190 million
This gives nkp a total NAV value in excess of $2 billion and the shares a figure of somewhere in the +$3 range.

As everyone knows.. there are still hurdles yet to cross but I believe a few have recently/now been crossed. I am currently comfortable with my holdings( first time for a while) it also appears I am in for the longer haul than most... $2 plus before I unload some and will maintain some for a longer haul. As often happens there can be a big difference between what something is perceived to be worth and what it is trading for.
Obviously all in my opinion and do your own research.