Very busy schedule.
Looks like LJ is not going to be sold or IPO'ed at all as I expected.
LJ Newexco report issued, drilling starting January targetting west EA & AR,
Figure 4 shows just how much a jewel in the crown LJ is with Ni everywhere, we knew this in 2014!
LJ scoping study by GR underway (copy & paste 2015 LJ DFS), of course its profitable at NP 9.00 v 5.31
BFS for both BS & LJ.
BS open pit mining planning ie dewatering to start soon
More drilling as expected, more offtake & funding negotiations
But this caught my eye-
"the ability to have a long-life project that primarily sources feed from Black Swan orebodies that could also treat ore from Windarra (100% Poseidon owned) and potentially third-party feed (subject to plant capacity availability and other factors). The Company has commenced a Bankable Feasibility Study on refurbishing the existing 1.1Mtpa processing plant and feeding that plant with a combination of low-grade open pit ore, high-grade underground ore and Silver Swan tailings to improve concentrate quality (specifically the Fe:MgO ratio). .
• updating the existing Black Swan open pit mining study including determining the optimal pit shell and production rate and estimated capital and operating costs;
• Abi Rose Extension Drilling - Maggie Hays drilling for Resource Expansion, based on the reopening of the Maggie Hays underground operation
• Emily Ann/Abi Rose type intrusions - relogging to identify and locate parts of the ultramafic intrusive system that may have been overlooked
• Surface EM/Drilling at Vision / Spielers - nickel sulphides have been encountered in these areas in the past proving the fertility of the area
• Western Ultramafic / Roundtop - Surface Sampling / Drilling - a valid target in an under-explored area with high prospectivity"
Looks like BS open pit & LJ are being reworked & now they realised Norilsks mine plans were good.
Only took 7 years to confirm the existing wheels work!
I told them this in 2014.
When NP hits 10.00 soon, what will be the excuse then?
LJ profitable at 5.00, 7 year LOM
BS/SS/GS profitable at 4.00 imho! 11 year LOM at 20ktpa production
Combined, LJ & BS circuit 2 can produce 33ktpa
add in circuit 1 & 3 at BS and that goes to 55ktpa as I have been saying since 2014.
Find and add in more high grade exceeding 1.4% and that can escalate even more
If PAN can produce proftiably at 1.23% grade stuck isolated in Kimberleys with large trucking costs to Port, POS can do it too at a higher grade and larger mills at lower capex.
No Crap, WILL THEY EVER LISTEN TO ME?
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report - September 2021
Very busy schedule. Looks like LJ is not going to be sold or...
-
- There are more pages in this discussion • 80 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POS (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $18.56M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $72.21K | 14.43M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 20637007 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 35270472 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 20207007 | 0.005 |
35 | 23953217 | 0.004 |
21 | 18348677 | 0.003 |
11 | 10949980 | 0.002 |
11 | 14400201 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 30543590 | 29 |
0.007 | 39426682 | 52 |
0.008 | 14539898 | 20 |
0.009 | 4788007 | 13 |
0.010 | 3037215 | 8 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online