Pos resources valued at $750 tonne current spot price $20,000 tonne, page-14

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petrovski

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28/10/21

10:09

Post #: 57136210
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Originally posted by SentryBox77: ↑

POS seems to get valued right at the margin of it’s assets - almost like it has too much sitting there idle for the market to take it all into account. From memory that last MST Access report which put 21cents on POS (28c spot) was assigning 1 cent equity value to Windarra and 3 cent equity value to Lake Johnston - and that is at 21cents! At current market those assets are effectively being assigned a value of $15m and $45m respectively.

Does anyone seriously believe LJ stand alone with it’s infrastructure, a JORC resource of 3.5 million tonnes @ 1.49% for contained Nickel of 52,000t at Maggie Hayes and seriously large resource upside potential across multiple targets would only trade at a market cap of $45 million by itself? Even using the ridiculous valuation of Nickel in the ground of $750t for that Maggie Hayes JORC resource that leaves a value of $6 million for everything else - a concentrator that would likely cost $200 million to replace, all the other infrastructure, extensive portfolio of targets and mining leases/Nickel that hasn’t been taken to JORC standard yet. It’s only one example of why LTHs in POS go a bit loopy after a while - there’s a business in LJ that would likely rival PAN which (because it’s on it’s way to production) is valued at 10x the value being placed on LJ.

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Loopy is a good description for my state of mind sentry, it just does not make sense!

POS Price at posting: 9.9¢ Sentiment: None Disclosure: Held
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