Record High NP us$55,000 pT, page-39

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georgeaux

10,840 Posts.

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11/04/24

17:44

Post #: 73301285
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Originally posted by tomboy ↑

NP hit an 11 month high last night of $8.43

UP 4.6% overnight

in AUD$ terms thats now $28,500 pT
WAY ABOVE the prior CEO targets of $23,000
in fact 24% higher than this stated figure for restart of POS production operations.

Its not near the high of US$55,000 in 2022 but its way above the restart prices needed as quoted in the past.

The prior BFS for BS restart 2023 was cited at $4.90 uslb, its now 8.43 being 72% higher than the required figure
Ignoring unassessed nonBFS speculative commentary on my maths the AISC should now be around $3.30 uslb based on a lower AUD$ and slashed costs due to 6,000 Ni workers made redundant the last 9 months at WSA/IGO AFAF/MCR/Wyloo POS BMM BHP PAN now.

Market thinks POS will not benefit from higher NP and its more of the same flaccid management and backstabbing top 3 but hasn't worked out what the MINRES GMD deals do for POS nor the $1,000M in FED grants & royalty reductions that are available for WA NI industry nor how much of that POS is going to access.

The market has ignored POS and the NP here but hasnt with MINRES nor with IGO.
The market has rerated MINRES MCap UP $1,200M since it purchased POSs LJ project for a pathetic $15M cash from its $1,400M cash pile.

Expect NP to retrace back to market price around 10-15 FAST imho.
expect POS fireworks as a result.
I was SPOT ON on this NP move and you plodding downramping pundits were not.

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…I don’t see the point in resurrecting these old threads…
…I mean, good old POS was 9.1c back then…right before the long spiral into the abyss…

POS Price at posting: 0.6¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $14.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$3.965K	1.097M

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No.	Vol.	Price($)
111	89317988	0.3¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
111	89317988	0.003
34	45393124	0.002
16	40412753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	50680652	42
0.005	39532312	25
0.006	8789000	11
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Record High NP us$55,000 pT, page-39

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Record High NP us$55,000 pT, page-39

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