Niko Resources Ltd NKRSF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This could be a big thing going forward

[zibo]

Niko’s share of the funding requirement for development of these projects is estimated at approximately $200 million between mid-2018 and mid-2020, after which time the future net operating revenues from the D6 Block are forecast to be sufficient to fund the development capital expenditures to complete the projects

Once new production starts in 2020 there will be sufficient revenue to carry all of NIKO's operating expenses including future field development costs / plans for the Satellite Cluster discoveries and the MJ discovery in the D6 Block, and once all of these wells are brought into production by 2021 & 2022 Niko should be a cash cow having paid all of their share of development costs.

So there is very good value in NIKO's 10%