POS 0.00% 0.4¢ poseidon nickel limited

Podeidon Nickel (POS) - Production of Battery Grade Nickel, page-48

  1. 5,051 Posts.
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    "I was just curious to know what happened to Mt Windarra project (as company spend lot of time and money doing drilling there)".

    The vast majority of the large sums of the money spent drilling in the Windarra precinct was done when Ni prices were much, much higher (i.e. at a time when it was more economically encouraging to do so). That project is a potential economic resource, but the legacy Mt Windarra mine and also the newer, undeveloped, Cerberus resource both (in their own different ways) require much more capital and time before they could brought into production to generate revenues. Given the capital requirements, in particular, there's also the open question whether they are currently economic at this juncture. In any case, it's a moot point at this stage because the lower hanging economic fruit is very obviously with the u/g prospects at the BS complex -- hence management's current focus there.
    Last edited by zebster: 13/04/21
 
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