"The current optimisation process provides for a substantial upgrade of overall project value and an enhanced potential for shareholder returns. The Company anticipates the final optimised project path forward being completed by May 2011 (given the potential for the Tubatse Project to now form part of the initial development) with a strategic partner and mine development decision soon thereafter."
"Given the likely need to raise substantial capital in the event that one of the industry major players doesn't enter into a joint venture and agree to bankroll the projects, the uncertainty surrounding the alternative plan on exactly how Nkwe proposes to develop these massive platinum farms is the cause of the current share price weakness in my opinion."
Stagman,
Thanks ery much for your comments. Now we are really getting some where. We have the above announcement as it is. I am excited about an announcement in May. We are nearly there when the ASX opens after Easter. The company hasn't released any statements saying that May is no longer achievable. I would anticipate that good management would provide another update if that were not the case. To me the announcement about "the final optimised project path forward being completed by May 2011" is a key reason for investing in Nkwe and is certainly a reason why I invest in Nkwe. The "strategic partner and mine development decision soon thereafter" can only take us forward and up. The facts are, Nkwe Plat has the land now. Nkwe also has the approval to mine. Both of these announcements will be huge ones, because the first one leads to the second.
Newminer1000
NKP Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
