Thanks Atom99
the report says:
For much of the past decade, Mr Forrest has retained a low-key interest in nickel through stalled ASX listed miner Poseidon, which hopes its WA nickel assets will be more viable if the ore can be processed into higher-margin products at a battery material refinery that is proposed for Kalgoorlie.But Wyloo has become far more active in the nickel sector in recent times and Noront may not be the only transaction where Wyloo plays a kingmaker role.But the battery material refinery is a mere option and not a 'must have' for POS ( but it is a very high valued opportunity). POS is a nickel explorer (soon to be producer at USD10.00 or more - see consultants projections of NP). Then maybe it will one day produce MHP. Maybe next it will manufacture high value batteries in WA.
Nickel may be a kind of new oil (imho). Once it was a nuisance on farmland. IMHO Wyloo and BHP are buying up everything - swamps (Noront) included. IMHO the buyers are not desk people. They have a high pay grade I guess.
POS holders could be lucky that Mr Forrest has retained an interest. I don't see any inactivity, just a low NP over a decade.
Also now POS has a smart CE - ie PH on board.
This is all IMHO only. I am not an investment adviser.
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