POS 0.00% 0.4¢ poseidon nickel limited

Hi Geoviz... appreciate your comments.I have been in since the...

  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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