Inferred to Indicated, page-39

That BS mill with 2.2MTpa mill capacity inc the 3 circuits & SAG mill is THE 2nd LARGEST NI MILL IN AUSTRALIA behind BHP.

Norilsk & LionOre built it with a view to a massive 20 year LOM operation low grade using BS SS ore plus drilling all around which kept getting hits.
In 2014 POS issued a DFS for BS for 10-13 year LOM and in 2018 another DFS for 3 years LOM for SS alone.

This is THE NEW KALGOORLIE NICKEL SUPER PIT in process.
I called this in 2014 around 9 years ago now
Everywhere they drill they keep hitting more and more ore around BS.
I said since 2014 there are likely hundreds of HG shoots all around BS just like that in Kambalda.

This is why Norilsk bought this Ni complex (BS SS LJ) for $2B and spent $700M upgrading it now worth a pathetic $130M! LOL.
$2,700M now worth $130M!

IGO Ni assets acquired from WSA they valued at $1.1B and SIR they valued at $4.3B yet POS has way more mills, JORC and mines than either of these 2 projects of IGO (excluding cosmos low grade black hole no mill crap)!

Red, we havent seen a good P&D for a while and its way way way overdue.
Used to be every year a 3-4 MBer runup.
The market needs a Ni runner after SIR WSA MCR ESR MBN PAN NC1 all fizzled out into nothing.
PAN is now 35% controlled by IGO AFAF Zeta. MCR is now 43% controlled by AFAF soon 90%

POS is the last one with mass scale left that can do it imho.
All priced at a pathetic $130M MCap.

The POSeidon bubble cometh again imho.