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0.3¢ pursuit minerals ltd

Phil's hill looked very promising, I am not sure this has been...

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Tulipbulbous

30 Posts.

12

05/02/22

15:50

Post #: 59379077
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Originally posted by toby9562: ↑

"Unfortunately PUR was oversold, you look at Mandrake Resources, nothing is going on over there and MAN is 5-6 cents"

Yeah but the issue with this logic is that MAN market cap is actually less than PUR. I would argue that both are now fair value and not oversold. One mining company I invest in has a mineral resource, completed a very appealing scoping study + PFS, and DFS is underway. They have a market cap of just 35 mil. MAN and PUR have no economically viable resource yet and thus I consider the 25m market cap fair value.

I was holding PUR before Phils Hill results. I exited for a small loss when the first drill hole missed. They still have plenty of exploration ahead, so good luck to those still holding. There is still lots of potential

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Phil's hill looked very promising, I am not sure this has been fully drill out, seem to be trying to vector of samples to date. SP low enough for me, a little more money in the kitty wouldn't hurt. The geo/phys team is ploughing into material for clues within these small resources.

PUR Price at posting: 2.4¢ Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $10.90M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$375	125K

Buyers (Bids)

No.	Vol.	Price($)
49	53268111	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	22517703	9

View Market Depth

No.	Vol.	Price($)
49	53268111	0.002
23	47799953	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	22517703	9
0.004	45953521	27
0.005	16492147	15
0.006	12321183	6
0.007	4446972	8

Last trade - 16.10pm 05/08/2024 (20 minute delay)

PUR (ASX) Chart