Australia's largest stock trading and investment forum Australia's #1 stock forum

POS

Click for more information

12.5%

0.4¢ poseidon nickel limited

For Lovers of Nickel, page-104

First 104 Last

Share
Profile

Follow
zebster

5,033 Posts.

2248

05/12/18

23:02

Post #: 36764599
Share

Originally posted by zebster: ↑

The BS complex JORC Reserves* are 3.3kt Ni for SS (5.79% grade) and 21.5kt Ni for BS open pit (0.63% grade). Combined they total 24.8kt Ni with a weighted average grade of only 0.72%. According to the BS complex FS this is only enough to run the BS processing plant at ~50% capacity (i.e. a little under, actually, but let's be generous) for an initial total of 3 years.

There's no way that SS with its paltry 3.3kt contained Ni is going to be anything more than a blending resource that helps up the average of production from the BS pit (where the real tonnage is). Any hopes of starting SS in isolation (and processing them through the BS concentrator) are outside the realm of reality.

How come they can restart and make this work but not POS?!

Because at 2.7-2.8% (slide on p.10) Venus' average Ni grades are materially higher than our weighted average SS/BS grade of 0.72%. There are also much better economies of scale of with a much larger ore body.

(*Our SS/BS Resources averages are also similar-to-slightly worse.)

Expand

Slight correction: I'll retract that comment about the much larger ore body for Venus. The main point of difference (the average grades) stands.

POS Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

TRE

Toubani raises $10M to see Mali's Koubada Gold Project through to DFS

HIQ

Mouthguard concussion sensor tech developer HIT IQ wins second US patent

The Rising Tide: How institutional adoption is shaping the future of crypto

SVL

Silver Mines pushing ahead with NSW Bowdens project despite green group setback over power lines

There are more pages in this discussion • 5 more messages in this thread...

First 104 Last

Add POS (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change -0.001(12.5%)		Mkt cap ! $12.99M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$10.84K	2.713M

Buyers (Bids)

No.	Vol.	Price($)
94	58755330	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	11007117	16

View Market Depth

No.	Vol.	Price($)
94	58755330	0.003
40	66250435	0.002
22	84792753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	11007117	16
0.005	8872106	18
0.006	8164000	11
0.007	23400383	12
0.008	500000	1

Last trade - 15.53pm 21/08/2024 (20 minute delay)

POS (ASX) Chart

SPONSORED BY