Stunning good high grade drill results, 3%-5%-8% are way better...

Stunning good high grade drill results,
3%-5%-8% are way better grades than Nova at 2.5% or Forrestania at 5%
Its a confirmation that lake johnson is ready for restart also and abi rose is another high grade continuity from emily ann and surrounds which is "open at depth with the plunge direction identified".

This confirms that Dennis has found what he needs for this plant to restart
yet market ignores with no volume as NP goes down to 5.00,
Whoever said POS goes up when NP goes down is a buffoon.

"All Three Diamond Holes Intersecting Massive Nickel-Copper Sulphides..
PLJD0005 – 1.54m @ 3.39% Ni & 0.37% Cu from 450m Including 0.79m @ 5.72% Ni & 0.63% Cu Ultra mafic and massive intersection totals 6.58 metres @1.06%Ni - PLJD0006 – 0.18m @ 7.89% Ni & 0.19% Cu from 465m 450m Remobilised footwall breccia zone
• Drilling has confirmed that mineralisation continues within and outside the limits of historical exploration and is open at depth with the plunge direction now identified
• Drillhole geology has confirmed Poseidon’s magmatic Ni-Cu type emplacement model which significantly expands the projects prospectivity
To date all six holes drilled into the fault off-set Abi Rose mineralisation have intersected high grade massive nickel-copper sulphides...The company will now under take further geological and geophysical modelling which will target the strike extent"

"The implications ... suggest that the Abi Rose mineralisation represents a conduit through which nickel-copper sulphides have travelled and that the Emily Ann Nickel Deposit is the upper continuation of this conduit. Abi Rose, and in turn Emily Ann, are now interpreted to have been fed from a deeper magmatic source to the north. It is known that the sulphidic chert adjacent to the felsic package hosting Emily Ann and Abi Rose underlies the stratigraphy in this area, and could reasonably be the source of the nickel sulphides if assimilated by a deep seated, fractionating ultramafic intrusion. The company notes that this could also explain most other nickel-sulphide intersections that occur within the Roundtop area to the north-west of Abi Rose (see Figure 6)"

Yet where are the black swan and silver swan drilling programmes they foreshadowed months ago?!
With $70M cash at bank and no restart impending, they have to do more drilling and uncover that new nova world class deposit that will make it the bankers darling.

Perfect timing for the AGM tmrw,
I will go and report on it, cant wait to see Dennis & twiggy back in charge finally.
Im sure BMM and the INSTOs will send their suits also.

BMM must be eyeing off another bid at 6.0c, very tempting, the longer it stays so lowly priced well below PAN at 9.3c and WSA at 25c (MC equivalent to POS shares on issue).