POS 20.0% 0.6¢ poseidon nickel limited

dont forget the 100 000 oz gold tailings, page-10

  1. tcf
    6,873 Posts.
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    I don't think your assessment of the gold task is that simple.

    Mining lease 261SA is for Nickel. The company can apply to the Minister for Mines to add gold or any other mineral.

    However, the agreement act is for a nickel project - not gold. In fact you won't find the word "gold" in the agreement - other than its exclusion - in the original agreement mineral lease.

    The agreement as well as the lease, would need to be amended to enable a gold project under the agreement.

    I'm not sure the government would want to include the gold project under the nickel agreement. I think the worsley agreement is a good example of that.

    It would be good for POS to get a nickel project up first. That's what the agreement is for.

 
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