POS 0.00% 0.5¢ poseidon nickel limited

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  1. 1,035 Posts.
    I would guess around AUD$25k to $30k/t would justify re-starting up Windarra however they may want to wait a month or two for the Ni price to stabilize at these levels before a decision is made. Probably don't want to rush in to early. At least it is easy and cheap to get rigs at the moment.
    We still could see a short term spike in the Ni price and a possible retrace.
    I would estimate the production cost for Windarra would be around the US$4-6lb. However I am sure they would be looking at a possible 2nd hand plant.
    My gut feeling is Leinster as that mine is nearing a close, has a lot of safety issues and BHP still may yet be pulling out of the Ni game.
 
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