At 4.4MTpa ni ore processing capacity at full capacity by 2 017...

At 4.4MTpa ni ore processing capacity at full capacity by 2
017 being 1.5mtpa LJ, 0.7Mtpa bhp lienster, and 2.2mtpa at bswan at 6.80 uslb 14955ust at NP todays price at a 1.8% grade only =


$1.18 BILLION US annual income thats right $1,184,436,000.00 US dollars or at0.82us to aus thats = $1.444B aus.

thats 2017 income pershare of 1444000000÷680000000=$2.12 per share or

Pe ratio mc 75m÷say 600m annual profit of 0.12 pe ratio on todays sp. Or worst case say 300m profit so pe ratio is 0.25.

Has anyone heard of a pe ratio of 0.25 for a mining company, twitter trades at 40-60 pe and gold stocks at 10-15 pe in aust on next years earnings. The discount to a 10.0 pe 2017 eps of say 40% values POS SP at $1.76 or $4.40 with no discount at 100% pe ratio, a figure I raised before if pos income was 1b.


WSA at 600ktpa niore 30ktpa ni concentrate makes $280M annual income but at higher grade of 4.9%.

I think if you are a value investor do these figures not make your mind boggle. POS has that capacity and the resourves to mill that much. The question is can they even send 500ktpa to bhp at lienster now from workhorse windarra.

What an irony that the much maligned windarra now proves our worth.