Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-73

POS has -

NO DEBT
NO JUNKBONDS
NO OFFTAKE production thats in breach (unlike IGO/WSA MCR/AFAF BHP/Tesla PAN/Trafigura)
NO LITIGATION demands from offtake contract breaches (unlike above)
NO CREDITORS
NO CNotes
NO AFAF backstabbing holder anymore (maybe at 0% now the dufus)
MASSIVE 2.2MTpa MILL at BSwan the 2nd largest in Oz
MASSIVE JORC of 230KT at BSwan
2 of the HIGHEST GRADE NI MINES GLOBALLY at SS (9.1%) and GS (4.1%)
The MASSIVE historic W MINE that led to the poseidon bubble in 1969
GOLD TALINGS at W worth $350M in revenue (GMD tolling deal)
MASSIVE WATER resources in the desert (GMD Water deal at W is an example)

Whilst it just sold LJ to MINRES for a paltry $15M, its now being touted by MINRES as a Li hub and Ni producer and may be worth similar to Nov of $4,000M eventually

So what are POS assets really worth then based on the LJ deal?!
If MINRES can turn what the market valued at $1M for POS or $31M by MST and $15M by POS BOD into a $2,000M project, whats the rest of POS assets really worth then?

Remember BSwan JORC is triple the size of LJ and its BSwan MILL is 50% larger
And W mine is twice the size of LJs also.
POS aint no explorer, its got a large JORC & massive refurbished MILL & 4 large prior producing mines & the largest open pit Ni mine in Oz dewatered on book
POS is a toller and mass producer in waiting.

getting some extra 50KT JORC here and there at 2% or even 9% has proven in the past to be ignored and irrelevant to the MCap. In fact the SP went down when its discovered more mines or JORC.

Market thinks MINRES got $675M in value from the LJ sale.
Market still ignores POS, but not for much longer imho.