NKP - Nkwe Platinum

[dale]

hey guys, been hearing platinum is all the go these days, been snooping around the mining sites and a few of these south african explorers look interesting. any ideas?

cheers

dale

 

[JimmySwell]

Three things about NKP interest me this week.

The price of platinum has retraced from its recent high and is heading back up.

Secondly, the NKP chart shows that the DIs are about to cross over.

Finally, the dispute with two other companies over exploration licences has been resolved and no longer hangs over NKP as a potential risk.

The share price closed at 85c yesterday on above average volume.

I've been unsuccessful at posting visible charts on this forum, so have a look using your favourite charting tools.

 

[dale]

wow, up 15% yesterday with no announcement, think someone bought a big chunk or does somebody know something we don't ?

happy trading

dale

 

[sjx]

This stock has attracted a fair bit of attention lately.. recently a broker target of $7.50

Keep an eye on it.

 

[craigj]

which broker was that?
i bought and sold recently 26c to 34c
seemed to be a stock that moved up or down a few cents in a day so good to trade

 

[champ2003]

which broker was that?
i bought and sold recently 26c to 34c
seemed to be a stock that moved up or down a few cents in a day so good to trade

Well I think that it would be well worth having another look at NKP.

The share price is looking like making another strong run up very soon IMO.

The BFS will be in December and PM's seem to be in the limelight at the moment.

Xtrata will be making a decision as to whether or not they exercise their option to gain 50% of the project soon after.

A resource upgrade is also on the cards very soon as well.

The inidicators on the chart is starting to turn up again.

All of the above will be the catalysts for a major re- rating IMO.

 

[Accaeric]

Garatau Project
resource: 23.6 million Ounces
Peak production: 600,000 Ounces
Operating cost per ounce: USD470
Current plantinum: USD1,450
Operating margin: USD980
Mining life: >50 years
Annual operating profit: USD588million
50% attributible to NKP: USD294million
Assuming NKP still will incur other costs
giving only 60% net profit: USD176million
Net present value of Garatau project: USD24.3 Billion

Current market value ONLY AUD 0.2 Billion

If Plantinum price (long term assumption) is USD 950
Net present value of Garatau project: USD11 Billion

NKP still has Tubatse Project which is double resource of 46million ounces.

 

[skc]

Garatau Project
resource: 23.6 million Ounces
Peak production: 600,000 Ounces
Operating cost per ounce: USD470
Current plantinum: USD1,450
Operating margin: USD980
Mining life: >50 years
Annual operating profit: USD588million
50% attributible to NKP: USD294million
Assuming NKP still will incur other costs
giving only 60% net profit: USD176million
Net present value of Garatau project: USD24.3 Billion

Current market value ONLY AUD 0.2 Billion

If Plantinum price (long term assumption) is USD 950
Net present value of Garatau project: USD11 Billion

NKP still has Tubatse Project which is double resource of 46million ounces.

Thanks for the info. But can you confirm your numbers?

Assuming $176m net profit each year for 50 years, how did you get NPV of $24B? Even $176m x 50 = $8.8B? If you use a discount rate of say 12%, you get ~$1.5B as NPV for NKP. So depending on the capital costs, will leave NKP somewhere in the vicinity of $1B?

Still well above current market cap of $0.2B, but not 100 times more.

 

[explod]

With platinum on the rise this could do well. Daryle Morely, Day Trader mentioned same in todays paper which is what caught my eye.

If it closes above .55 today we could have a smooth ride to the .80cent area. It fell sharply from this area in late 08 which will form some resistance.

 

[kenny]

Disc. I hold NKP/NKPO.

Slow drift upwards as the Bankable Feasibility Study with Xtrata comes due for release sometime in January 2010.

NKP is probably being buoyed by the increasing interest in the PGM sector in general. Some recent links on PGM's;



http://www.commodityonline.com/news/Boom-year-ahead-for-platinum-24653-3-1.html

http://www.dailymarkets.com/stocks/2010/01/10/the-ultimate-guide-to-pplt-platinum-etf/

Cheers,

Kenny

 

[olharryboy]

NKP

Does anyone know much about this one? I have purchased after some research.
Note ANZ nominees listed as a major shareholder on their website, as well as a JV with Xstrata.

ANZ Nominees Limited 36,874,866 19.96%

Looks promising?

 

[charles 11]

South African Businesses to Lobby ANC on Mines Nationalization

Feb. 26 (Bloomberg) -- Business Unity of South Africa, a lobbying group, will present the ruling African National Congress with arguments against proposals to nationalize the country’s mines, Chief Executive Officer Jerry Vilakazi said.

At a council meeting last week, BUSA members decided to pre-empt a potential shift in policy by engaging with the ANC’s leaders to present the views of business and to tell them how nationalization would affect the economy, Vilakazi said yesterday in a phone interview from Johannesburg.

“You can’t banish public debate, but you can counter it with facts, with evidence and with solid counterarguments,” Vilakazi said. “I get this question almost every second day from different businesses. Should they be worried, shouldn’t they be worried?”

The state should own at least 60 percent of all mining assets in South Africa, the world’s biggest producer of precious metals, according to an ANC Youth League policy document. League President Julius Malema, who rallied behind President Jacob Zuma to help him into the country’s top job, said the group will campaign against any politician who doesn’t support this policy.

BUSA includes the Chamber of Mines of South Africa, which in turn includes BHP Billiton Ltd.’s BHP Billiton Energy Coal, De Beers Consolidated Mines Ltd., AngloGold Ashanti Ltd. and Anglo American Plc.

President Jacob Zuma and the ANC have said it isn’t their policy to transfer the country’s mines to state ownership as requested by the party’s youth wing.

To contact the reporter on this story: Franz Wild in Johannesburg at
Last Updated: February 26, 2010 03:47 EST

 

[eddyeagle]

Suspended from official quotation yesterday, pending the release of an announcement regarding a corporate update.

I'm thinking this will be related to the joint venture with X-strata. Just hoping the news is positive.

 

[banska bystrica]

Scuttlebutt in a Sydney broking house is a further delay for the BFS until end of calendar year. Wouldn't surprise with market turmoil right now. Time will tell.

 

[xenith69]

Anyone been following recent events?
Or better still, any holders here?
Thoughts!!!
Im a holder,still unsure of outcome once trading resumes!
Cheers

 

[Miner]

Anyone been following recent events?
Or better still, any holders here?
Thoughts!!!
Im a holder,still unsure of outcome once trading resumes!
Cheers

I am a holder
Unfortunatley you can predict the scenario with so much negative publicity, board contradiction, sell sign by their great supporter newsletter with a 180 degree turnaround and an apology for misinforming subscribers, court cases and current bids shown at ASX site.
I wish this negative scene be turned into a positive one when NKP resumes in the market - but no speculation from me here.

I could have sold it at 45 cents with some losses but now going to be a total loss as the newsletter sort of predicted a very low value with a disclaimer that people should not hold more than 5% on one scrip

Please do your research rather objectively taking consideration on platinum market and what could be the regret matrix should NKP really goes bad.

I am sure other holders will put their two here

 

[xenith69]

I dont subscribe to the DR but i follow some of his recommendations.
I got into NKP B4 AC covered it.
It really is anyones guess what will happen,but im sure there may be something that no one saw coming.
Pure speculation of course!
Cheers
Xen

 

[xenith69]

Quite happy with the lastest ann
May just get that surprise after all!
Suspect another SDL type of run here!

 

[prozac]

Miner, I'll still give you 40c for your NKP stock.

 

[xenith69]

Due to come out of suspension this week