POS 0.00% 0.3¢ poseidon nickel limited

new sulphide ni hits, page-12

  1. 1,035 Posts.
    fmx_rider I agree with you.
    If you average out the intercepts in the last lot of results (not including the high grade inclusions) you get around a 2m intercept. I don't where Blythefan came up with 30cm! The model is not based on >7% grade.
    The beauty of DB is that the mineralisation is uniform and continous. Not pissy little pods as he put it.
    It is still early days just wait for the price of Ni to rise in a couple of yrs and you will be looking at remodelling to lower grades and increased thickenesses. By that time they will have extended the ore body.
    IMO for a first JORC it is a better than expected result. I was expecting around 30-40KT/Ni at 1.5% but very happy with this grade at its total tonnage.
    Great work POS.
 
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