POS 12.5% 0.5¢ poseidon nickel limited

IMHO, I am not a Geo.This LJ report is encouraging.The high...

  1. Jul
    363 Posts.
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    IMHO, I am not a Geo.
    This LJ report is encouraging.
    The high percentage results from MH and regional targets are shallow, wide and long and there is a 1.5 Mtpa mill and 200 person accommodation village on site and infrastructure.

    PH is talking affirmatively about a LJ restart and says this:
    The Company has commenced exploration activities aimed at increasing the Lake Johnston resource, focusing initially on the highly prospective Western Ultramafic Unit. Assuming the Company was to restart operations at Lake Johnston that production together with the potential Black Swan production could result in the Company achieving one of its stated corporate objectives of producing >15,000t of nickel in
    concentrate per annum.

    So now there are two mills and two (or more) sites. Alongside 1.1 FID-2023 and 2.2 expansion, perhaps POS needs to develop a program for LJ 1.5.
 
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