twiggy will run this one soon, page-36

Mr Gas Man

i was only entertaining Cashed Up Bogans figures with rough figures back.

If you read the reports they announce on the ASX and do the maths here is the story.

Stage 1 was to leach 112,000 tones which was to be done over 9 months this was going to make $10mil at a nickel price of $43/t now that the price is $31K/t this project will make a loss of -$8.7mil

stage 2 is to step it up to 400,000 tones P.A processing a total of 1.6mil tones which they still need to get (and grade is only speculated) hence the drilling / mining they need to do to feed this. if this goes to plan and at todays nickel prices with the production cost they indicated it will make $12.4mil over its 4 years life span, apposed to the $137mil when they were quoting when nickel was at $43K/t.

So total income for POS will be $12mil, and much less if they did stage 1 over the next 5 years, apposed to the reported $147mil they thought they could make when the sp went from 80c to $1.79

Thats a 90% loss of income! Its amazing what you learn if you actually read reports!

So for people who don’t read reports,
-sp went from 22c to 75c when Twiggy came on board.
-sp went from 80c to $1.85 with the projected profit report with nickel at $45K/t (nothing to do with twiggy)
-Sp is now headed from $1.85 to ??? now nickel price is $31K/t and reported profits above are no longer valid

Note all sp figures are in pre consolidated terms before the 1:2 consolidation.

As i said, sp is over valued and not worth over $1

Good Luck!