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  1. Kutyak

    680 Posts.
    5
    Update: Poseidon Nickel Is Hinting At A 'Major' Resource Upgrade At Lake Johnston

    Feb. 1, 2015 1:28 AM ET | About: Poseidon Nickel Ltd. (PSDNF)
    Disclosure: The author is long PSDNF. (More...)


    Summary

    • Poseidon Nickel has made tremendous progress at Lake Johnston as a major resource update and upgrade is expected shortly.
    • The increased confidence in the resource estimate definitely is a positive thing as it might very well increase the mine life and thus the NPV.
    • The investment thesis remains unchanged for now but might be revised if the current 2Mt (@1.4%Ni) indicated resource estimate would be increased.
    Notice, he has skin in the game!

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