The Black Swan story stems from a long history of nickel prospecting and mining in the Kalgoorlie - Kambalda district. The company has gone trough great lengths to come up with Bankable Feasibility Study (BFS) which looks good.
Some people may say that the projections are not realistic but there I feel that the move to an EV world is the need to take quantum leaps in the mineral resource industry. The pricing of copper and nickel, which is principally the building blocks of industrialisation are now primed to move in a positive direction.
There are many commentaries out in the marketplace clearly showing that the apatite for a No Emission world is going to require magnitudes of mining activities. The increase is not going to be something that we have had in the past. This is a step move and the first companies that will take advantage, the first companies that will be rewarded are those closest to mining.
The boom bust cycle of commodity prices will continue but at a different level. Hence, companies like Poseidon are well placed. The BFS is robust and using spot price is a ingenious move as the market [perception is the nickel price is moving.
Peter is comfortably talking to us about all the ins and outs of the Poseidon story.
Check out the conversation in this Coffee with Samso and, as I always encourage, DYOR.
01:01 Why did Peter join Poseidon Nickel Limited?
01:56 The geology of the project - Epic Silver Swan Discovery
03:23 The projects of Poseidon Nickel Limited
05:17 Infrastructure of the project
07:06 Lake Johnston - Drilling Program and EIS grant
10:15 Bankable Feasibility Study
14:37 What are you going to do with the product? MOU with PBT
18:44 Global significance of nickel - Government support
30:12 Comments on the share price - MST report
41:00 Poseidon Mythology - back in the days
