Niko Resources Ltd NKRSF

RE:Bids for delivery of SPS to KG-D6

[zibo]

Despite Nikos cash flow problems, if push comes to shove I have a feeling that funding for D6 development might be provided by Cortes Royalty Ltd. Niko owes them 350 million and if Niko gets a cash call for their share of development costs and stands to lose their 10% share of D6 I think Cortes will provide funding rather than write off 350 million As well Niko only has 94 million shares outstanding so they could issue Cortes a large block of shares as a bonus for funding. Those shares would immediately have considerable value since Nikos future earnings from D6 production would be guaranteed. JMO