POS 0.00% 0.4¢ poseidon nickel limited

lets digress, page-25

  1. 174 Posts.
    Hi Geoviz... appreciate your comments.I have been in since the early days of Niagara. got in at 17 & 21c, sold out in the $1.70 + and back at 45c and will be staying until twiggy tells me to sell ! Greed is good . Now back to the story,I have some documents from way back when mgmt told us that the tailings dump had an est 30000 t of nickel in them which could be recovered at a cost of approx $10000 aus per tonne ( report dated 1/3/2005). It was a good buy from WMC.. $7m cash and another $1m on production of 10000t of nickel.May not be as good as jubilee (price on 1/3/05 $5.73,why didnt I buy then!) but who knows ? I've been saying for years that if they get it right $6-$10 is an easy target... if demand and prices increase again, JC can only give us a price ! .... regards to all ....MUFF
 
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