POS 10.0% 0.5¢ poseidon nickel limited

Pos resources valued at $750 tonne current spot price $20,000 tonne, page-62

  1. 10,140 Posts.
    lightbulb Created with Sketch. 4382
    Vale plans to build a Nickel plant in Indonesia with 50ktpa production at a whopping cost of aud$990M with total investment of us$5B-

    https://n e w s . m e t a l . c o m /newscontent/100953015/vale-plans-to-invest-us-5-billion-to-build-a-nickel-plant-for-chinese-enterprises-to-develop-the-market-by-leaps-and-bounds

    "Indonesia's Vale (Vale SA's Indonesian) has planned to invest US $5 billion in nickel projects with its partners in the next few years, and Chinese companies have also seized the opportunity to develop the Indonesian nickel market. Indonesia's Vale has partnered with China Qingshan holding Group to build a battery-grade nickel plant in Indonesia, with an annual nickel production capacity of 50, 000 tons..
    Indonesia's Vale and China's Qingshan holding Group have teamed up to build a battery-grade nickel plant in Indonesia at a cost of US $700 million and an annual nickel production capacity of 50,000 tons. Construction of the plant began in January and is expected to be completed within 16 to 18 months."

    Whats our processing plant worth if rebuilt new if this above is worth $990M?!
    We know LionOre & Norilsk spent $2B on these BS LJ assets in 1999-2009 & WMC spent $300M on W.

    Add it up.
    Primary school maths.
 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
-0.001(10.0%)
Mkt cap ! $18.91M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $3.746K 819.2K

Buyers (Bids)

No. Vol. Price($)
70 66588592 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 3639741 12
View Market Depth
Last trade - 15.05pm 19/11/2024 (20 minute delay) ?
POS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.