POS has updated the website and under Black Swan, "The Black...

POS has updated the website and under Black Swan,

"The Black Swan Project is located approximately 600km east of Perth and 50km northeast of Kalgoorlie, Western Australia and 300kms South of Poseidon's Windarra Nickel Project.

The operations include the Black Swan open pit mine, the Silver Swan high-grade underground mine, the Black Swan sulphide concentrator (2.15Mtpa) and supporting infrastructure.

The Black Swan deposit contains serpentine ore (0.74% Ni with a recovery of 77.4%) and talc carbonate ore (0.71% Ni with a potential recovery of up to 60.4%).

The Silver Swan underground mine contains 147kt @ 11.48% Ni for 17.0kt contained Ni.

The current process plant was built and upgraded in 2007 and put on care and maintenance in February 2009 following a period of low Ni prices (US$10,410/t at the time)."



Silver Swan contains 147kt @ 11.48% Ni for 17.0kt contained Ni.

Who said this mine was done and dusted and low grade ??? Sure Black Swan is low grade, but blended with 11.48% from Silver Swan it would still made good money....
17kt at $18,800/ ton = $320M at 11.48%
Surely this cannot be correct now can it ??? lol.... That would actually make POS and its acquisition extremely viable. Surely with all the infrastructure and at current spot all the resources available now POS should be valued at more than even the highest lastest figure of 96c....