LJ - a Jewel in the Crown

Talk of selling LJ is NUTS.

If you want to sell something then sell Windarra to BHP for $200M
It doesnt have a mill, is underwater and medium grade of 1.7% but a historic site near BHPs Mt Keith mill which needs more ore feed.

LJ has 2 prior operating mines at higher grades than WSAs flyiong fox now of 2.9%, a new high grade discovery of Abi Rose in a known nickel area, a 1.5MTpa near new mill same size as at Nova that cost SIR/IGO $800M to build.
Also if NH is right that this is a flying fox but better and better grades then a WSA MCap of $700M comes into the thinking long term as WSA would LOVE to get their hands on LJ dirt cheap plus a near new mill tripling the capacity and doubling their grades

Why cant POS do the same as WSA are doing at flying fox, we have a better mill and better deposit.
The path forward must mean to production as its a turnkey operation at LJ ready to go for some time,
remember DS spent $30M on it 2015 to start production there then the NP dived 8 to 4 and it got shuttered again.

With NP at 8.44 today, LJ can profitably restart even based on the prior DFS of 2014-2015
If it was able to restart in 2015 with NP at 6-7 it can today with NP at 8.44 way higher.
Its a $700M MC sitting and waiting on a plate.

LJ is worth way more than WSA is as it has nearly triple WSAs milling capacity of 0.6MTpa and way better grades at 5.1% rather than 2.9% and can even outproduce WSA current 14kTpa on its own with NO need for BHP tolling.

LJ is worth more than $700M to POS just the market doesnt value it that way as its a cash drain on C&M atm & NOT producing yet, bringing it to production will boom the MCap and boost EBITDA overall.

LJ is a highly profitable high grade large milling operation way better than Nova-Bollinger.
On its purchase in 2014 the POS SP near doubled from 17c to 28c

LJ is the JEWELL in the Crown, a phrase coined well by exCEO, DS.
DS the LEGEND!
DS and NH knew how big and important LJ was to POS.
Does PH?!