POS 12.5% 0.5¢ poseidon nickel limited

Black Swan Production Restart, page-54

  1. 9,764 Posts.
    lightbulb Created with Sketch. 4216
    read this, 27 July 2021 ASX release
    BS plant scoping study
    6 month early restarts circuits 1 & 2, $37M capex

    https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wq+zBT3v+d27LFiGug=

    All 3 mine declines are to the ore bodies GS SS ST Gosling
    All can be trucked to surface from the declines via 2-3 truck roadways

    The bottleneck in plant restart is the slow/cheap CR dilutive management of PH & the BOD imho
    We are now told slow & steady planning, PH is great, heard it all before for 8 years now.
    Its not to do with the money, the capex, the offtake, the mines the plants, the funding at all imho

    The problem has been the managements over conservative, over cautious over negative stalled planning & constant backflips & indecision for the past 8 years who get s#cked in to the fake narratives that diss POS constantly & focus on the NP revenue instead of the expense side AISC.

    WSA BHP Glencore MM all were producing Ni at the low NP of 4.00 years ago & they are the ones making a motza now with NP at 8.64.
    The others like POS PAN MCR who are restarting are playing catchup and POS is lagging the others now too. POS will be last to produce and restart at this super slow rate.
    12 months really?
    Did they watch what ANL FMG SIR PAN did in 6 months, 20 x MBers and $2B debt.

    If they only listed to me we would have found GS ST SS deeps & been producing at high margin by now years ago & kept producing making $Bs.

    START up the processing plants and start producing, SIMPLE
    NP is now 8.64 not 4.00! And likely will be 10-12 in the next 6-9 months.

    There is no need to wait any more imho.
    START HER UP!
    Last edited by tomboy: 25/08/21
 
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