$2 Club, page-493

FQM up 6% overnight to 25.56
up from. 2.00 in 2015 lows
a 1300% move

owner of Ravensthorpe that POS AFAF bid for in 2009 at $300M but they won the bid at $260M ! Then shut it down breaching all their promises to the vendor & union.

now reopened & making a motza.

POS moved 3c to 6c in comparison massively less
and this calender year its moved 11.0c to 6c, halved in price?!
whereas FQM PAN MCR WSA IGO Sherritt all doubled or tripled since 1 Jan.

spot the difference.
if POS had moved like these others it would be at 33c to 67c now, but went the other way.

we know why, its not producing & management is imp@tent stalling planning & ignoring the NP boom.
in 2016 we were told they needed a NP of 6.00 to restart, now its 9.75 at 60% higher than that yet they cant even produce a DFS offtake or FID.

Victor at PAN showed how its done & is producing.
PH shut down PAN operations & sold mt jewell to GBH & Lanfranchi to BMM dirt cheap leaving it a 1 mine operation.
yet even he has oustripped & outrun PH by miles while PH sits in the stands watching the race .

even DS our prior CEO made it clear once 6.00 hit they would restart production as costs & capex were very low.
DS would have been producing for 18 months already, earning $500Mpa revenue right now ramping to $1,000Mpa revenue imho.

market has discounted POS as its not producing, no offtake DFS FID so the PER is 0.6 instead of 39.0 like WSA or 13.0 like PAN MCR.

FID should have issued last year instead of waiting for PBT or GS or AFAF to go.
when POS runs it can outrun all other Ni stocks easy.
the market needs a Ni runner to ramp like they did before

TBC awaits IF they start her up.
money talks & POS stalls, for now.