Current JORCed resources should justify 8 to 10 yrs mine life at producing 10,000 tones Nickel per year.Further drilling in neighbouring grounds may double it's mine life.WOW.
$7,000 a tone cost means $13,000 cash flow and thats $130,000,000 for the year or $80,000,000 plus profit after tax.
200,000,000 shares on issue plus 100,000,000 shares to con.note holder plus exercising 115,000,000 shares @40 cents, so all up 420,000,000 shares on issue with enough cash to fund the mill.
I value POS market cap.at $300,000,000 if use PE of 4 that means 70 cents a share or $1 plus at PE of 6 when in production.
Low share price provides an excellent opportunity to invest in.
I just can't see what will stop this happening,invested close to 100k and want to double my holding.
Also seeing Nickel price is firming.
Please do your home work and correct me if I am wrong.
Current JORCed resources should justify 8 to 10 yrs mine life at...
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Mkt cap ! $21.01M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $20.95K | 4.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 64713594 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 963797 | 4 |
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| Last trade - 15.24pm 08/11/2024 (20 minute delay) ? |
| POS (ASX) Chart |