Thanks Sircaps, I had a look at the PH interview from Diggers &...

Thanks Sircaps, I had a look at the PH interview from Diggers & Dealers where he mainly discussed the $22m capital raising.

I feel very confident fellow POS holders. The company pathway is clear cut and inevitable IMO. The global perspective for the nickel market outlook is optimistic with strong growth and demand forecast for the next decade.

Looking at the enclosed charts we can draw strength from the recent trends where you have a straight forward scenario with demand/price trending upwards and supply as per stock chart diminishing. This points to well-placed Nickel producers going into production where low cost suppliers will be in an excellent position to capitalise.

In regard to the All In Sustainable Price, even if we allow a “fudge” factor of 25% we're still looking at an AISC of around $5 and therefore a market price of upwards of $8 providing ample margin for POS to have a highly profitable business model.

That being the case, why would we need a further capital raising round? We have an excellent opportunity to establish a debt facility of something like $50 million to fund the start-up. The company is operating in a in a conservative fashion, sensibly undertaking preliminary activities that will both ease the process of starting up production and building on our business case for a potential debt facility.

the drilling project is proving up additional resources and I think the nickel resource at Golden Swan will be larger that was initially envisaged. We keep hitting good nickel results almost every time we drill! The resulting Jorc update will further enhance our business credentials and financiers will be lining up to provide the necessary capital that will turn Poseidon into a major nickel company.

Tomboy’s prediction of being a billion dollar company we'll come to formation and finally those of us who have steadfastly remained supportive of the of the company will be richly rewarded.

Cheers
U