Niko Resources Ltd NKRSF

with almost 10 billion invested

[bendmeover]

in the infrastructure of Kg alone  of which Niko owns 10 % ........in my mind puts a NAV of 1 billion on the stock .lets take off the 300 million in recent debt financing  ...........that gives us market cap of 700 million ......... thats just for KG D6 infrastructure...they also have other blocks that can be drilled in other areas  that i have heard are still on the table for sale 

i think there is about 90 millin shares outstanding right now ........... still not even putting a vlaue on the gas in the KG basin ...that works out to  7.77 per share and lets discount that  20% which gives us a share price of 6.20...........lets not forget the new d-55 discovery which has appraisal drilling going as we speak the value of that deposit is phenomanal .........

would Niko be open for an offer from Ril or Bp .? if they through out an offer of 6.20 would anybody tender 


this should be trading higher imho right now , but remember Niko has burned a lot of investors and i think people are saying show me the money ,,,,,,,,,the high interest payment and royalties dont help either  .........there wasnt much choice .........they didnt want to issue millions of lot of shares at the depressed  2 dollar level ....... 

..I also dont think the US investor is participating much in this which doesnt help as well ........... just my two cents for what it is worth