POS 10.0% 0.6¢ poseidon nickel limited

LJ - a Jewel in the Crown, page-111

  1. 9,743 Posts.
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    You all forgot.
    LJ is the jewel in the crown

    a label put on it by LEGEND CEO DS in 2014 who acquired it from Norilsk in SECRET for a year until June 2014 then kaboom an easy 4-5 MBer runup

    LJ is a massive tenement bigger than Nova worth $4B to IGO now, LJ has:-
    - the same size MILL as Nova 1.5MTpa but only used for 4 years 2009 to 2013
    - LJ is a "turnkey" operation restartable in months (as coined by DS in 2015 also, see BFS 2015)
    - way higher grades of NI at EA 14kt at 4.1% (see 2014 BFS) & at AR 5.1% even better v Nova of 1.9% and going to 1.3% (used to be 2.1%)
    - an airstrip
    - crushing & flotation circuit
    - 200 person staff camp (even AFTER camp parts taken to BSwan)
    - numerous buildings, staff rooms and toilets
    - sealed roads access & large UG entries
    - 14KT nonJORC resources at EA mine as defined in the 2015 BFS by DS worth $406M revenue in situ alone
    - 90KT JORC resources at MH mine still
    - 2 prior producing mines at MH & EA
    -  a monster 13km of strike length at WUU just discovered
    - a monster AR mine discovery which LEGEND geo NH described in 2015 POS AGM as a Flying Fox but horizontal
    (NB- FF has produced over $2B of revenue for WSA IGO last 12 years, valued at $600M)
    - hit Li in 2016 and still has large Li deposits
    - can convert its MILL to Li production easy

    MINRES has put LJ and its assets in flouro skylights now but lost a fortune on it itself, a great free PR trip for cheap POS,
    MINRES OWES POS BIG TIME, I was SPOT ON !

    You all on here forgot. but the POS management haven't forgotten,

    LJ is the jewel in the crown.
    Last edited by tomboy: 17/05/24
 
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