POS 25.0% 0.5¢ poseidon nickel limited

lol.. Probably... Also take note... The $15 million seems to...

  1. 6,913 Posts.
    lol.. Probably...

    Also take note... The $15 million seems to include the gold processing plant at $10 million... So without that expense the recent $3.8M CR will get nickel production going..



    "Poseidon is also reviewing the potential to commence gold production on site in line with plans
    outlined above. The gold inventory is in tailings adjacent to the Mt Windarra facilities and would
    be a standalone operation which could last for up to 6 years, yielding a total of over 50,000
    ounces depending on the final design throughput. The gold inventory has been fully drilled to a
    reserve status and the process plant has been designed and independently reviewed in the
    DFS previously published by the Company. The cost of the process plant has previously been
    estimated at under $10m by local specialist contractors and the Company expects that the
    current cost environment would apply downward pressure on that estimate. The DFS indicated
    that gold production could be undertaken at under A$800/ounce. The Company notes that the
    current gold price is over A$1,470/ounce"
 
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