I was just have a look the early days of Sally Malay (Panoramic) before they started mining in 2005.
Resource = 3,403 @ 1.88 => 65KT Ni
Ni price = around $6-7lb
MC = about $150mil fully diluted.
Here we are
Resource = 6MT @ 1.67 => 100KT Ni
Ni Price = $8lb
MC = $100mil fully diluted.
IMO Poseidon is still highly undervalued and not getting any recognition for the last two resource upgrades. Everyone is focused on Cawse while not seeing the forest for the trees.
POS should have a MC of around $200mil based on what we have so far.
Market, wake up and do the numbers!
undervalued
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.3¢ | $100.9K | 25.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 871999 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 15157586 | 19 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| POS (ASX) Chart |