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16:27
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Originally posted by tomboy
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read my post from 3 years ago last time PH tried to flog LJ for peanuts, see below & read this thread.Talk of selling LJ is NUTS. LJ has 2 prior operating mines at higher grades than WSAs flying 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. Why cant POS do the same as WSA are doing at flying fox, we have a better mill and better deposit. With NP at 8.44 (2021)[now 7.50] , LJ can profitably restart even based on the prior DFS of 2014-2015 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. LJ is the JEWELL in the Crown, a phrase coined well by exCEO, DS.
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...'The MINRES deal saw their MCap explode up $2B after the LJ buy was announced and then went down $2B after they breached and withdrew from it [now down $7B from then].'
(20min delay)