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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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $7.270M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $8.573K | 3.786M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 55488336 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 15705345 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 211170 | 0.025 |
3 | 274000 | 0.024 |
4 | 1346362 | 0.023 |
3 | 2445000 | 0.022 |
6 | 1690080 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 100000 | 1 |
0.027 | 500000 | 3 |
0.028 | 265829 | 2 |
0.029 | 337994 | 3 |
0.030 | 707095 | 3 |
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PUR (ASX) Chart |