$2 Club, page-653

Blackhole,
it would mean phase 3 to 4 &
Plus PER of 20.0 like mcr wsa sir on the bfs production metrics of 7500tpa at 1.0% grade at 7% of pos capacity
Or
a PER of 10.0 with production at nameplate on 1.1mtpa circuits 1 & 2, at 1.3% grades using GS,SS high grade ore first 3 years as in the 2018 DFS but at aisc of 3.20 not 4.90 due to way more production at lower tonnages.

so nowhere near bs full capacity
at most 7% to 20% total production capacity

so at full capacity of 3.7mtpa milling its TBC even with NP at 9.50 & grades at 1.0%.
remember bhp mt keith is only 0.60% grades, sherritts is 0.2% laterite hpal & even nova igo has dropped to 1.9% all with MCs of $2B to $4B plus.

POS can get to 50c with BS alone at half capacity no tolling on bfs 2022 levels !

market just has to see the offtake, debt received, production & mining underway & mill working at bfs levels which are way way lowball imho
Market values pos at 0 revenue for next decade as a junior explorer with low grade laterite high capex like nc1 LOL.
market has got it all wrong.

soon the surprises flood in & realisation of the reality that POS is a developed mass producer with massive mill capacity & 6 built mines 3 airstrips & 4 of the highest grade Ni mines globally at SS GS EA,AR.

the offtake & debt deal will stun the market which wrongly thinks offtake & debt are 0 instead of $2B revenue & $50M funding contracts already drawn inc significant debt component as stated by the CEO.

POS is the 3rd force in nickel ore