A triple bottom is now in place and break out is underway. The last bear market raid that forced the price down to 8.5 cents was a result of the underwhelming resource data generated at Golden Swan. Looking forward we have three major catalysts that will IMHO 2x -4x the price within the next 6-12 -18 weeks.
(1) POS is expediting the completion of a Scoping Study / Preliminary Economic Assessment in the current quarter that includes an update on resources, met work and mining studies (at GS, SS and BS) within the next 6 weeks.
(2) Completion of a Bankable Feasibility Study to put BS back into production.
Much of the technical work is already completed and amount of funding to execute re-opening and production at 1.1MTPA at BS is already complete. Completion of the BFS meets technical/legal requirements to execute an agreement for sale of DSO /concentrate AND support significant pre-payment amount.
(3) Significant pre-payment (and sale of gold JV) sets-up expedited redevelopment of Lake Johnston and Windarra via drill programs and ore development in the first/second quarters of 2022. This all collides with the rundown of LME stockpiles and run up in nickel price. Good luck to all longs.
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.63M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $16.08K | 4.353M |
Buyers (Bids)
No. | Vol. | Price($) |
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110 | 66704834 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 46233176 | 24 |
View Market Depth
No. | Vol. | Price($) |
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102 | 65395336 | 0.003 |
31 | 60029719 | 0.002 |
21 | 92558697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 38832711 | 21 |
0.005 | 37724091 | 21 |
0.006 | 8998000 | 12 |
0.007 | 8518277 | 9 |
0.008 | 1800000 | 1 |
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