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0.7¢ poseidon nickel limited

Ohh absolutely. The metallurgy still has to be done right, even...

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Bikida

1,242 Posts.

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21/08/20

15:45

Post #: 46724107
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Originally posted by Yite: ↑

Don’t let yourself be dazzled by the the price of gold. Sure it’s a nice price at the moment but there are a lot of other variables to consider before this venture is profitable.

The cost of mining/processing and fx are some variables that have been previously discussed.

My biggest concern is the rate of gold recovery. If you crunch some of those recovery numbers (that I posted earlier) into the PFS you’ll see how marginal this project could become. It could also be very lucrative. The figures are just to rubbery.

If they don’t spend time and money in the lab and on design to get a higher gold recovery rate with some degree of certainty then you better pray the pog keeps going up.

You might very well need a higher pog just to break even...

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Ohh absolutely. The metallurgy still has to be done right, even though a couple of expensive steps are not an issue here. Gold mining is not easy.

POS Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
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Last 0.7¢		Change 0.001(7.69%)		Mkt cap ! $25.99M

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