POS 0.00% 0.4¢ poseidon nickel limited

Ann: Black Swan Operations Refurbishment and Drilling to Commence, page-19

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  1. 5,171 Posts.
    lightbulb Created with Sketch. 2347
    LJ isn't ready to go. It's on C&M, along with Windarra. The BS complex (SS u/g and BS pit) is the first priority. The plan is (was) to use the cash that BS ops throw off to fund LJ ops. Refurbing the SS decline to act as a platform for drilling beneath the nearby BS pit potentially kills two birds with one stone. Smart move.

    If they can prove up additional economic ore beneath the BS pit it will add much needed project life beyond the initial (quite short) 3.1 years stated in the FS. With any luck they might also find some high grade dirt too, which would improve the project economics.
    Last edited by zebster: 20/03/19
 
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