The chairman of POS has real time experience in pivoting from what's supposedly a world class Zinc endowment to focussing a piss poor cap raise into gold exploration so who knows whats next for POS.
It is in it's death throws so don't be surprised if it does go into VA or
some junk deal that is advantageous for management but dilutes shareholders
to zero ( well I mean they're close to it now as it is) It is very clear POS can't find anyone (even if they throw in some Helly Hanson jackets) to get a cap raise away!
I think BHP's C&M spend is more so the price to pay for community support (and the feint hope that the price of Ni becomes sustainable for high cost Australian operations) hence the 2027 timeline.
Ann: Near Surface Exploration Targets at Black Swan, page-25
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Mkt cap ! $11.14M | |||
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