Steve
Get it right when you sprout your wisdom. BHP did not sell the Poseidon Agreement to Niagara. WMC did in early 2005 befor BHPB became involved. For your information WMC hadn't looked at the area for more than 20 years.
Exploration and engineering has advanced dramatically since the 1980's. The mine wasn't closed because there was no nickel it was closed because nickel prices went through the floor. A different story today.
Please wait until POS declares the tenements uneconomic before you argue the company's downfall. And please stop treating POS investors like fools.
4000 tonnes nickel pa at 20.000 tonne, page-23
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