POS 0.00% 0.4¢ poseidon nickel limited

nickel news, page-13

  1. 6,913 Posts.
    Hmmm, maybe you should read a bit better...
    All ann's, all media releases, all state first concentrate in 2014.

    Here maybe I'll help you...

    http://www.poseidon-nickel.com.au/UserDir/Documents/Proactive%20Investors%20POS%20report%2023%20Jan%202013.pdf

    "All mining approvals are in place and a DFS is completed. This will lead to a short construction phase, commissioning, and ramp up to re-commencement of sulphide nickel production from Windarra, and maiden production from Cerebus in 2014."

    http://www.poseidon-nickel.com.au/UserDir/Documents/POS_Feb_Value_Set_1.pdf

    "Updates to the DFS are complete and the independent technical expert
    has completed their review with funding of the project targeted to take
    place in the early part of 2013.
    Supply shortages in the nickel market have been predicted by AME group
    with forecast shortage in 2014/2015. Supply risks are present owing to the
    majority of nickel production in the world coming from high cost laterite or
    nickel pig iron operation. The world currently requires at least 60-80,000
    tonnes of new nickel production per annum. High grade sulphide mines
    such as Mt Windarra are extremely rare . Forecasting from the AME group
    suggest the deficit of Nickel could be as high as 10% of demand by 2015."

    "Dewatering, refurbish decline and infrastructure H1 2013
    Increase Mt Windarra Reserve H1 2013
    Plant construction complete H1 2014
    First saleable concentrate H2 2014"

    *** First paragraph on the Dec Quarterly report.... ***

    http://www.poseidon-nickel.com.au/UserDir/AsxAnnouncement/Quarterly%20Report%2031%20December%2020122101.pdf

    QUARTERLY REPORT
    31 DECEMBER 2012
    COMPANY OVERVIEW
    Poseidon Nickel is developing the first new Nickel Project in Western Australia for many years. The Windarra
    Project is a higher grade nickel sulphide deposit that has demonstrated high recovery levels through a standard
    nickel floatation concentrator.
    The total current Mineral Resource is located at two positions approximately 10kms apart and includes the
    existing brownfields mine at Mt Windarra and a new discovery at Cerberus.
    Poseidon completed its Definitive Feasibility Study (DFS) during 2012 and is targeting initial concentrate
    production in 2014. The concentrator plant to be constructed at Mt Windarra is expected to have a minimum
    capacity of 700,000 tonnes of ore per annum.

    Come on M8, if it takes 12 months to buildthe concentrator plant, how do you expect to have supply for 2013.. ???

    Maybe you should read some more and take in what actually is going on....
 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.