4000 tonnes nickel pa at 20.000 tonne, page-16

Jacoba1,


12:01, Thursday, 25 January 2007 – “which intersected 17.5% nickel”

You forgot to quote the part that said it was 660m down and only 37cm thick, Most of these quotes you posted are 600meters down and less than ½ a meter thick. They still have to dig a mine down there to get it which costs $$$ on top of their $11K/t to leach it. Thats why record prices on nickel is so important to this mine. Most other mines are extracting copper and other metals out their ore as well as Nickel, where POS is pure nickel only which helps make it one of the most expensive nickel producers.

As i said with FMG, Iron ore is 60%, and not uncommon to find it 10meters + thick and at the surface where you can do a cheap open pit mine, instead of having to dig a tunnel down there to get it out. Which is why FMG and POS are totally different and why POS will not be the next FMG

This stock is still over priced, and until they pull their finger out and start mining to get ore to leach to sell people will get bored with this one and the price will slowly erode away with people complaining there is no revenue or talk of mining to get more ore..

best just watch this one till the mine is up and running in a year or two and get it at a lower price than it is now.