We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. What's driving the Pursuit Minerals (ASX:PUR) share Pursuit Minerals Ltd. is a mineral exploration and project development company. Dow Jones, a News Corp You can do it. Pursuit Minerals Join Our Premium Community The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). PUR is well funded with ~$2.5M of cash to fund its Julimar Warrior Project exploration program and with an Enterprise Value (EV) of ~$8.7m, provides significant leverage to discovery. does not constitute personal advice and S3 has not taken into Looking at the map above, PURs Calingiri West (E 70/5378) tenement goes close to abutting Chalices Gonneville PGE-nickel-copper-cobalt discovery while Calingiri East (E 70/5379) is also in close proximity. End-of-day quote Australian Stock Exchange WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. The target ultramafic-mafic intrusions exhibit strong anomalies in regional aeromagnetic data, which will allow exploration for PGE-Ni-Cu to be quickly focused on the prospective mafic and ultramafic rocks. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Fundamental data provided by Zacks and Morningstar. Here are the most important events to keep an eye on for the sake of your stock portfolio. For full detail of the tenements' geology and past exploration, please see PURs announcement here. The Calingiri West tenement application also abuts Devex Resources (ASX: DEV) and covers part of their Sovereign Magnetic Complex as interpreted and is immediately adjacent to late-time airborne electromagnetic anomalies recently defined by Devex. Team includes the founding chairman of $1.7BN Syrah Resources - Tom Eadie, and Kyle Stevenson was also the founder of Millennial Lithium which was eventually sold for CAD$491M. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements.
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