A deal on Windarra gold tailings was almost completed 3 years ago but was pulled at the last minute. The price of gold has increased AU30% since then.
The Glycine boys can do the job cheaper and achieve higher returns than the last mob. That's about $700 extra profit per ounce. Read the Windarra section of the December 18 ann and do your own maths. Why do you think CJ got the job?
Water deal done. Only worth a few million but cashflow none the less.
I wouldn't be surprised if Frank and the Glycine boys haven't also been to the BS open pit recently to go duck shooting.
Not to mention LJ being used by the Lithium explorers in the region.
Yes management need to pull a rabbit out of the hat very soon but at least they have plenty of rabbits if nickel remains marginal.
POS has a real market value, I am a buyer. BNC TCBTO and DYOR.
RED
TOTAL DISDAIN TOWARDS SHAREHOLDERS BY POS MANAGEMENT?????, page-34
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