POS 14.3% 0.3¢ poseidon nickel limited

Poseidon - One Stop Battery Shop, page-2

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    So after a little further research.

    Black Swan and Silver Swan:
    In 2006 Black Swan and Silver Swan produced 7200 tonnes of nickel and 150 tonnes of cobalt for the year.

    Emily Anne:
    In 2004 LionOre provided Inco Ltd nickel sulfide concentrates from the Emily Anne mine to produce Cobalt Cathode.

    Windarra:
    Copper and cobalt are minor secondary credits associated with the Windarra ore, which will be credited to Poseidon Nickel with the sale of the concentrate. There was a strong correlation between nickel and cobalt, nickel and iron and nickel and sulphur. In some cases there was also a strong correlation between copper and cobalt.

    POS expects Mt Windarra cash operating cost to be US$3.20/lb of Ni at a run rate of 10ktpa Ni. This is relatively low compared to its WA peers, which have costs of US2.12/lb to US$5.10/lb depending on the mining method. A cobalt credit of ~$1m per annum is expected at current prices. A cost breakout and peer comparison are shown in Figure 5a,b. These costs may change when the final FS is released in late 2011.
 
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