POS 0.00% 0.4¢ poseidon nickel limited

project funding, page-28

  1. 6,913 Posts.
    From todays ann aswell.

    "Reprocessing of stock piled gold tailings with an average probable reserve grade of circa 0.71 grammes/tonne for an initial period of 3+ years."

    With Gold at $1680/oz. 113300 oz of tailings also still sit at Windarra of which up to 85% can be recovered. So lets say 90,000 oz at $1680/oz. So $150 million give or take is just sitting there.
    Is this an early cash flow they are looking at? If they stated it in the ann under the feasibility study it must be a possibilty they are looking into.

    http://www.asx.com.au/asxpdf/20100216/pdf/31nqpyftrctrp0.pdf
 
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