Consolidation of Nickel Producers Begin, page-128

MCR a takeover target, hahah is that a joke?
peddled by these hapless INSTOs caught buying it up high instead of at lows.

$1B for no mill no camps 43kt jorc yet high grade totally dependent on BHP for all revenue and tolling and transport to mill & port at exorbitant prices.
Even BHP hasnt bid for it as it controls all its revenue and most expenses already.
Why even bother.
No one other than AF AF would even be so crazy to take on that BHP dominated model other than BHP completing its full expense & management control over it & it has refused to do so for the last 13 years anyway even when it was 20c let alone 200c ps now so why bother now?

IGO clearly not interested as they went for WSA & PAN before and now hold 21% of PAN so they might bid for PAN.

POS & PAN are the ONLY real takeover targets left in Oz Nickel industry imho
(other than those myriad of stranded cashless juniors with no infrastructure/mines that need $1B funding to get their projects producing like ESR DKM NC1 Noront etc)

Unlike these others, POS dont need $1B funding nor a new mill nor any new mines, its all sitting on a plate waiting.
Unlike PAN it also has near triple PANs mill capacity and several mines at grades quadruple that of PANs (GS SS EA AR) plus the benefit of location location location with built roads camps toliets airstrips too near Kalgoorlie and Kambalda.

The Australian newpaper mentioned POS as near Kambalda (meaning the LJ project) but even mention of POS is good publicity and raises the prospect of if MCR is a target then POS is quadruple more a target.

POS is a secret target they dont want to talk about till they are ready with that blocking or suitor stake or till they have cleared out stalling dunces BMM AFAF.
Padley told us they WILL CLEAR THEM OUT! For sure they will.

POS is a certain target and has been for years now.
Just keep it quiet till they are ready, OK!