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Business Description: Nkwe Platinum Limited (NKP) is a platinum-group minerals exploration and development company focusing on the Bushveld Complex in South Africa. NKP currently aims at development of its flagship project, Garatau/Tubaste Projects, in the Eastern Limb of the Bushveld Complex.
Strategy Analysis: NKP's strategy is to create a fully integrated Black Economic Empowerment controlled platinum mining company on the Bushveld Complex in South Africa and to become among the top four vertically integrated platinum companies in the world. NKP intends to achieve this through the development of its flagship Garatau/Tubatse Project.
Nkwe Platinum reported negative cash flow of $889,000 for quarter ended 30 September 2011. Operating cash flow for the period was $(889,000). Payments for exploration and evaluation were $(597,000). Investing cash flow was nil. Financing cash flow was nil. Cash in hand at the end of the quarter was $322,000.
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