Zijin 2015, page-2

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balilow

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10/08/15

17:32

Post #: 15780799
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Originally posted by MACLEOD22 ↑

It's been a long wait for Zijin to shake out the cobwebs in Genorah Resources. An organisation laden in debt but with a substantial stake in NKP. Soon their 60% holding in NKP will reduce to nil shares and maybe some residual options.

Reading about Zijin's exploits this year can only be classified as extraordinary. Over $800m has been invested in gold and copper projects. In addition their have taken a stake in Ivanhoe Mines for $82m.

If you read. www.cdfund.com you will gain an appreciation that Zijin's initiatives represent only the start.

As a NKP shareholder I am anticipating that next on their commodity purchase list will be the 40% stake that Minorities hold. For their initial 60% they will outlay $54m. Assume a takeover price of 20c for the Minorities and their total cost for over 23m oz of platinum will be only $126m. What a bargain.

Naturally a few extra cents to please long term holders will be only peanuts in the scheme of things.

So that's a mine extending forty years and platinum prices only going up. How many billions is that worth over time?

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Hi Mac,

Yes agree with your numbers at 20 cents post 31 March 2016. It would be $126 mil.
Before this date it will be $153 mil when you take into consideration Options.

Between 25 -30 cents for my shares.

NKP Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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Zijin 2015, page-2

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