Ann: Webinar Invitation - Strategic Assets, Multi-Commodity, page-18

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CashedUpBogun

8,310 Posts.

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14/08/24

12:49

Post #: 75201715
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Originally posted by tomboy: ↑

Hey CUB
you're comparing chalk & cheese again mate,
Cosmic boy WSA/IGO FF mill v POS LJ or BSwan mills

Cosmic boy is not currently producing anything, its the old WSA FF MILL of only 0.6MTpa capacity and heavily overused by IGO/WSA since 2009 same age as the LJ mill.
Its been shuttered since IGO shut down FF ~Aug 2023
WSA smashed that mill for 15 years straight over used it pumping its only non-tolling revenue from it
its in a 1 year shutdown already and its the same age as the LJ & BS massive MILLS that total 3.7MTpa

ie POS has 616% more MILL CAPACITY & LARGER than Cosmic boy and way way newer as used way way less.

"GR Engineering was appointed by Western Areas NL to undertake the engineering, design, procurement, construction and commissioning of the Forrestania Nickel Project Cosmic Boy Concentrator. The nickel sulphide flotation process plant was designed for a process throughput of 250,000 tpa, at a nominal treatment rate of 31 tph, with provision for an expansion in processing capacity to a throughput of 650,000 tpa"

It was built 2009 same time as the LJ mill
LJ MILL is a 1.5MTpa MILL with full circuits, crushers, ROM pads and service tracks and now new upgrades in 2015.

You forgot mate that LJ had a major upgrade & BFS in 2015 using that $70M CR cash issued at 18.00c.
In 2016 they EUREKA discovered AR a FF but horizontal according to geo legend NM
In 2022 they found North MH & North EA & now theyve discovered the massive WUU a 13km massive strike length full of Li Au Ni.

You also forgot that the BSwan MILL had a major upgrade in 2009 to 2.,2MTpa and since 2014 has been upgraded many times by POS also inc new railings and electricals.

if you want to compare cheese v cheese then lets compare Nova with LJ -

Nova is now valued at $3B - $4B to IGO inc 1 mine & 1 mill of 1.5MTpa same as LJ
LJ has 3 mines (MH EA AR) and 2 high grade hits plus WUU 13km plus Li & AU & 2 of its mines/new discoveries all higher grade Ni than Nova at 1.9%.
NOTE- AR was hitting 5.1% grades & EA was graded at 4.1% nonJORC in the 2015 BFS

If Nova is worth $4B then whats LJ worth to POS producing?
Well we know as MINRES MCap went up $2B when they announced the LJ BUY deal in April and then went down $2B on its breach from 9 may.

$2B to $3B
but the market values it at NOTHING & WORTHLESS
and the POS BOD valued it at a pathetic $15M in the MINRES deal.

LJ alone can pump out $500Mpa in revenues be it Li Ni Au Cu as did Nova

compare cheese with cheese mate !

Expand

if you knew your history
as the cosmic boy concentrator was being built
the initial ore from fly fox was processed at LJ

other than that, your assumptions are archaic at best
i'd like to think your posts were for entertainment purposes only

just remember, the market doesnt 'overlook' anything.
and the market wont keep supporting ongoing CRs
there is no conspiracy here.

POS Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
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