Black Swan Production Restart, page-1056

The market on current MCap expects NOTHING,
no offtake, no debt, no production, no revenue for the next 10 years valuing POS as a junior expolorer for 1% of its JORC in situ and nothing for its $2B infrastructure mines, mills drill drives, upgrades, tailings dams, mains connections, stockpiles, ROM pads, crushing units, airstrips 600 person staff camps buildings, rec rooms, 20 showers, 60 toilets etc etc

The reality and cheap fantasy of the market is disconnected entirely.

POS is a massive DEVELOPED PRODUCER NEAR TERM with massive JORC worth $13B in situ with the 2nd largest MILLING CAPCITY in Oz & 4 of the highest grade Ni mines globally at SS GS EA AR.

The CEO stated & I repeat:-


DD has been fully complied with & he is VERY EXCITED
We are at the pointy end with sharpening of pencils every time the offtakers were approached & there are 2 contracts of 60 pages on the table picking A or B
There is SIGNIFICANT NON-BANK DEBT & he is pleasantly surprised (Morgans estimate $50M)
(its also not junk bond debt as loved by AFAF that sent ANL MBN AGO bust & almost sent FMG bust twice)

He said the SMART MONEY & HIGH NETS were moving in.
He said he is SUPER PUMPED.
Its a SCREAMING BUY & been a positive experience
He is super super super BULLISH

What CEO paid $500kpa says all that without knowing a lot more than he is saying.
Market doesn't believe the boy who cried Nickel hundreds of times and restarted 3 times & cancelled.

Soon it will believe, soon it will see how POS will run like it did before.