POS 25.0% 0.5¢ poseidon nickel limited

yep upgrade haulage road was costed at $3.4M, see the Aug 2014...

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  1. 10,070 Posts.
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    yep upgrade haulage road was costed at $3.4M, see the Aug 2014 link i provided.
    likely done from cashflows or offtake funding of $50M.

    MCR did a MBer from 20c to 80c on its gold resources & gold production.
    And its proposed Ni mining restart is smaller with no mill of its own and dependent on BHP tolling itsore.

    POS actually has a lot of gold not far from that of MCR 273koz but way way cheaper to produce as its in tailings so already mined, brought to surface & stockpiled ready to go.
    176koz x us1800 = aud$414M revenue
    If DFS shows AISC us$500
    then its FCF of aud $299M

    thats the entire equivalent of POS MC!

    We may well be sitting on a large rerate here like MCR saw.
    And if the BS mill is restarted as its looking with triple the LOM & revenue then this operation is looking way way bigger than anyone thought.

    And PH can do it as he has done before.
    PH told us new SP highs.
    Last edited by tomboy: 15/07/21
 
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