POS 12.5% 0.5¢ poseidon nickel limited

Turning Point, page-157

  1. 2,476 Posts.
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    So what if pos has just as much ni as sir? It is the the bottom line that's count.
    Cash cost to produce at sir is around $ 2.89 with est yearly np of around 250m. What about pos? DS has not come out and said we will make $ x million p/a. From memory, report from petra was around 50m. Operation at LJ is around 6.80. Any movement in ni price below where it is now, then there is no longer viable to restart. Windarra, resources is committed to bhp for the next 2 years. Best is to focus on windarra, pull some cash in then think about lj or bs. + what is the point buying both lj and bs, one, I get it, we save 250million, but we have the deal with bhp, that saved 250m as well. Make no business sense. Over committed with limited resources to get the mine up and running.

    Everyone should be back on board tomorrow, let see if there is movement....
 
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