67c TP : DJ Carmichael

67c TP for POS -
another bullish respected analysts upgrade from 61c only weeks ago to 67c now,
totally bullish "game changer", "amazing transformative" WSa comparisons, SIR comparisons, ignored the drop, analysed it on FA like it should be. Excerpt here-

"Paul Adams of DJ Carmichael: We recently initiated on Poseidon Nickel Ltd. (POS:ASX). Poseidon had an amazingly transformative second half of 2014. It acquired two major nickel projects in Western Australia from Norilsk Nickel (GMKN:RTS; NILSY:NASDAQ; MNOD:LSE). First was the Black Swan project, which is near Kalgoorlie. The second one was the Lake Johnston project, which includes the Emily Ann nickel project, west of Kalgoorlie.
These acquisitions were completed for A$2.5 million (A$2.5M) and included all of the surface infrastructure (power, camp facilities, offices, tailings dams, waste dumps) and underground development, and doubled Poseidon's contained nickel resources in the ground to around 400,000 tons. The acquisition reduced the company's timeline to production by about 12 months and changed the company from a one-asset, capital-intensive developer to a three-asset company with production flexibility and one of the lowest capital intensity costs of any new nickel company. That's really exciting.
TGR: Poseidon has finally worked out an offtake agreement with BHP Billiton for nickel ore from Mt. Windarra. Is that a game changer for the junior?
PA: When you put that with the new acquisitions, it's been a tremendous game changer for the company. The agreement with BHP really facilitates an early ramp up to Mt. Windarra, which was its flagship project before Poseidon made those two acquisitions.
TGR: In a presentation on Poseidon Nickel's website, CEO and Managing Director David Singleton compares the potential of Lake Johnston to what Australian nickel producer Western Areas Ltd. (WSA:TSE; FX9:FRA; WSA:ASX; WNARF: OTCMKTS) had in the early 2000s. Is that a reasonable comparison?
PA: There appears to be similar geology between the two deposits in that both the nickel-sulfide ore bodies were masked by granite on top of the nickel-sulfide zones, which is relatively unusual. At the end of the day it is still exploration, but being aware of a geological model like that could fast-track further exploration and lead to faster discoveries. Onl