PUR 20.0% 0.2¢ pursuit minerals ltd

Ann: Further Exceptional Vanadium Grades at Koitelainen Vosa, page-31

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  1. 656 Posts.
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    I was referring to the AIRIJOKI monster deposit.  It is in their announcement just a few days ago.

    Like all other mining companies, they will work on increasing the recovery rate.  Keep in mind that 2 of the biggest Vanadium producing mines in the world have recovery of 30%-35%. So, from 17%-20% current recovery and working towards 30%-35% is not a major challenge for them.  

    The main point is: they have current MC of only $8mil and EV of about 5.5mil with thickness of mineralisation of 178m, 213m, 112m...of nearly 2% grade compared to peers of 0.8%, 1%, 1.3%...with thickness of 10m, 17m, 23m, ...

    Management has said the grades witnessed by PUR is amongst the highest grades in the world.
    It is all about relativity.  I am talking about comparative MC (compared to other Vanadium players' MC).  This has got to go higher and higher to the range of $30mil MC to be sensibly relative to other Vanadium players.
 
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