I am a new share holder and just start buying around 20 cents from this week.
Based on my extensive research,POS is almost a risk free investment,with next 12 months price targeting around 60 cents or above.
Current resources with further drilling should justfy a 10 years mine life at 10,000 tones production per year.
As POS is a low cost Nickel producer that makes this investment very attractive,$100 million net in 2013 at current Nickel price or $200 million if Nickel price @28,000 a tone.
POS should have 400 million shares on issue then after excising options and convertable notes.
Expecting $1 per share floor price in 2013 or $2 a piece if Nickel price moves to $28,000 tone.
With 110,000 tones Jorced resource,funding in place,low cost,resource upgrade are the highlinghts of the investment.
However,con. notes holder will impact to future share price as they often dump shares around 80 cents IMO.
I am a new share holder and just start buying around 20 cents...
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $18.29K | 3.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 86 | 42537471 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11954953 | 22 |
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| Last trade - 15.27pm 05/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |