POS 25.0% 0.5¢ poseidon nickel limited

That IGO study was 4 years ago now they patented the PAL plant...

  1. 9,773 Posts.
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    That IGO study was 4 years ago now
    they patented the PAL plant process, its a POX plant with additions basically.
    they have the land at Kwinana & the ore for 2 years with no mention of AFAF in it at all.

    Its exactly what POS is looking to do also.
    many synergies there.

    Difference is that POS can build a POX plant on BS site in the same 1km area & has a massive processing plant of 2.2MTpa capacity on top whereas their proposed refinery/POX plant is 300km -600km away in kwinana well away from their 3 mines at FF Nova & Cosmos & they have smaller MILLS there than POS.

    if the FEDS were funding german shelf company PBT with $120M for a refinery plan using POS ore then they will fund POS POX plant in Kalgoorlie using the very same ore imho. PBT could be a consultant on designs or just use anyone else.

    POS has the advantage here and the FEDS will fund it I have no doubt about that.

    IGO if they were smart would make a move on POS register as they did on SIR WSA BUX SGQ PAN
    IGO would value add to POS unlike AFAF who destroyed POS value and sold down the stock betraying the BOD CEO and all us LTHs here who used to believe in AFAF.

    Either way, we dont need anyone else, just get the FED grant and they will come to us begging.

    POX plant funding & offtake deal & $62M DEBT funding would unleash the animal spirits which is what the SMART MONEY are betting on imho.
 
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