NP still 7.29 holding well last 2 months, no collapse as alleged...

NP still 7.29
holding well last 2 months, no collapse as alleged by some chicken littles
in fact a classic flooring pattern with breakouts formed
reverse head and shoulders formed on the bi-annual chart = BULLISH
target looks to be to retrace back to 17.6k-22.0k ust (8-10 uslb)

NICKEL Price

16,063.53
-49.97
-0.31%
04:37:20 AM MI Indication

Regardless of what you hear from the dufus Ni BEARS & delusional chicken littles on here,
we POS survivors club (PSC) [forget the TBC for now] have seen it all the last 12 years including that 2015 collapse and POS is way way better now than it was then -

In 2015 -
- NP went from 9.00 to 3.50
- POS SP went from 22 to 5 (ie $100M MC to $26M MC)
- POS had $22M unsecured loan debt from AFAF plus a $25M junk bond debt from jeffries
- POS had no BFS DFS for BS nor a dewatered SS & BS open pit
- POS had JORC of 380KT now 423KT
- POS had nominal cash $3M like now
- POS issued a BFS for LJ restart
- POS signed offtake deal with Tsingshan
- POS drilling hitting an NH eureka "FFox but horizontal" at LJ Abi Rose
- POS issued a $50M CR at 18.0c taken up by BNL JPM Citi et al
- POS had DS as CEO & CI as chairman earning shares only
- POS CEO stated we need a NP of 6.00 for profitable restart
- AFAF had 28% holding held LONG and had handpicked the BOD

fast forward to 2024 -
- NP is 7.29 way above the 2015 lows of 3.50 in fact double it
- POS SP has gone from 7c to 0.7c ($250M MC to $22M MC !)
- POS has NO DEBT NO JUNKBONDS no offtake loans unlike all its peers
- POS has BFSs for BS & a dewatered open pit & GS SS
- POS has JORC of 423KT
- AFAF sold down to 0%-2% but BMM still holds ~11.7%
- POS CEO & BOD being paid in cash not shares & still drilling
- POS has hit eureka drill discoveries at LJ & W & BS disseminated last 12 months
- POS has NO offtake deal and thus NO breach of contract claims unlike most its peers
- POS restart figures & AISC have gone from 4.90 to 7.00 to 11.00 NP est in the BFS LOL !

So compared to 2015 POS is way better off, way more advanced & developed with way higher grades and JORC plus NO DEBT & double the NP but way smaller MCap, LOL

= WAY WAY OVERSOLD imho.