POS 16.7% 0.7¢ poseidon nickel limited

Rising gold price impact on tailings project

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    Windarra Tailings Project Feasibility Study concludes that it will generate 53,490 ounces over LOM at US$1,750 / A$2,328 per ounce (A$0.75) to produce Net cash flow of A$30.6M utilizing amphibious dredging.

    COMEX December gold trading at US$1,853.80 / A$2,521 (A$0.7350) per ounce this morning. This results in a total increase of EBITDA of A$10,325,576 over LOM. Conclusion is that a bullish and rising gold price has a very positive impact on the value / free cash flow of the project. Good luck to all longs.
 
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