Potter Research Report
Investment View: Spec Buy, 12-month target $0.31/share
We initiate on POS with a Spec Buy and a 12-month target of
$0.31/sh.
The current
price of $0.19/sh marks a low entry point to a pure WA nickel play
that‟s about to
undergo a significant transformation, with nickel sulphide
production expected from
two mines as soon as 1Q13. The company has an excellent technical
and corporate
team, who we expect to push a re-rating of POS through 2012 and
2013. Critical value
drivers in late 2011 and 2012 should be completed feasibility
studies for Mt Windarra
and Cerberus, and financing for the project in 1H12.
http://poseidon-nickel.com.au/UserDir/Reports/Documents/POS%…
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Mining investments: ALK, APE, CDU, CKK, DYL, HAS, LYC, MAK, MHM,
MOL, NG, NWT, ORE, PDN, POS
Danke