POS has a market capital of $48 million
This "announcement" says they have 100,000 tonnes of nickel ie 220,400,000 lbs
Current spot price is $12.90 per lbs
Cash cost is $3.20 lbs
that reads like 220 million Lbs * $9.70 profit
$1900 million profit for a $48 million company.
No wonder it jumped 10c and no wonder buyers outnumber sellers 10:1
Am I missing something?? sounds big to me
are these calcs right
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.01M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $15.17K | 3.034M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 91124854 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4912900 | 2 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| POS (ASX) Chart |