POS 0.00% 0.5¢ poseidon nickel limited

News: POS Estrella Resources Enters MOU With Poseidon Nickel, page-17

  1. 955 Posts.
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    It's comforting for some to use hope as the basis of their investment decisions which you clearly are an example of. You're correct in highlighting the low grades that ESR has identified so far would be a candidate for toll treatment at nearby POS.

    However, do you even have any idea of how much ore you would need to be able to build a mill 2x or 3 x larger than the Black Swan mill which is rated for 2 M t/PA? That really is a moot point as you could dream of building the largest mill in Australia but perhaps you may wish to consider actually finding some ore to process first.

    From what I'm seeing there is a lot of spruiking from Daws with some drilling- sadly without anything to show.
 
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