its quite simple really. POS has a stable of tier 3 assets that don't stack up even under bouyant nickel prices.
Instead of drilling to find and grow a new resource base, investment has been in largely useless studies and management fees.
GS had potential, but has turned out too small. At least they were on the right track. Should have drilled the sh1t out of Abi Rose as well.
TB you're a numbers man. How much shareholder wasted on studies and management fees since 2007? Then compare with how much spent on drilling. There's your answer mate.
<drops mic>
Todays The West Australian 13.10.22, page-7
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