POS 33.3% 0.4¢ poseidon nickel limited

Ann: Golden Swan Drilling Confirms High Grade Continuity, page-124

  1. 41 Posts.
    lightbulb Created with Sketch. 47
    About right based on info to date.
    Your "depth" is width - true width is emerging around 3.5m. Wider is always better (reduces development intensity)
    Your "wide" is strike length. I read around 50 - 60 metres too. A bit shorter than the SS lenses - if this strike length becomes the average length, then GS will be quite development intensive (ie high access costs; low tonnes per vertical metre)
    Your "long" is vertical height. Height gives you scheduling flexibility - ie you could have 2 mining areas in parallel production but strike length is short for stacked stoping areas- maybe ok for multiple cut and fill (not sure, too early). Have to be careful with geotech conditions when splitting height into multiple areas. Anyway, SS used under-hand cut and fill at around these depths I think to manage in situ and mining induced stresses. It's an expensive method - hopefully GS can use stoping.
    Early days and not much info. Hope all dimensions increase as the assays roll in.
    Cheers
 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.001(33.3%)
Mkt cap ! $14.85M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $5.208K 1.431M

Buyers (Bids)

No. Vol. Price($)
48 34075685 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3262511 7
View Market Depth
Last trade - 11.47am 06/08/2024 (20 minute delay) ?
POS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.