$1.00 is close as xmas!!!

(I recalculated NPV for Garatau Project based on
the NKP presentation and discount rate of 7%)

Garatau Project

JORC resource: 23.6 Moz

Peak production: 600,000 Oz of 6PGE

Basket Price (Long Term): US$950 / 4Eoz
Operating margin: US$445 / 4Eoz
Mining life: >50 years

Steady State Free Cashflow: US$150 million

NPV of Garatau Project: US$2,070 million

50% attributible to NKP: US$1,035 million

Exchange rate : 0.88 AUD / USD

NPV of Garatau Project: AU$1,176 million

Current market value(sp $0.495): AU$240 million

Estimated value per share: AU$2.43!!!

Tubatse Project
JORC resource: 45 Moz

Estimated value per share: AU$4.60

Total estimated value per share: AU$7.03!!!


Note: those are not considered as any advice, merely personal opinion.