PUR's "Julimar Discovery" in Calingiri East?, page-1436

Horizon and anyone else interested in the small cogs and nuts bolts of PUR.

I found out the bloody great bit of bush we back onto at Calingiri West is Dept of Defense land as I now understand it.

Used for training, so I imagine they get out the war paint from time to time and head out there and do whatever it is they do.

This land almost certainly would have been State Forest (probably was all called Julimar forest earlier on) that has been borrowed for however long for Defense training.

There is a fair bit of Defense land and activity in the greater area, Pearse Airbase is not too far away and there is a no fly zone in the area too.

Rumor had it back in the day the Mafia (which most West Aussies don't realize we have) used to grow their weed in the bush under the no fly zone (no Police Helicopters)...

Although there shouldn't be any unexploded ordinance near the boundaries of any such Defense reserves there may be a few extra steps one would take before drilling. I would have a very good metal detector and give the ground a once over before drilling just in case !! Ha ha!

Though I didn't think its ever been a place used for explosive work, I think that is more isolated, further up the coast near Wedge Island or offshore nowadays.

Shooting practice though probably, they even still do that at Swanbourne Barracks in suburbia, on prime land fronting the beach. I don't think anyone has the guts to tell the SAS maybe they shouldn't be using live ammo in the middle of Perth! ha ha!

Anyway back to more substantial events I see CHN is surging away. LTR starting to follow too.

Im pretty certain both these are moving solely on the back of what is evolving in the Julimar strip.

Big money is moving in, serious money, international level money.

A lot of WA and Aussie investors don't understand how big this PGE thing is and how big it will become.

The small caps are lagging behind the market leader now.

CHN is basically $8 and we are back where we were when it was $5. But during those weeks (that CHN went from 5-8) proof of us having minerals has only become stronger.

PUR and a couple of the other small caps in the space are getting very overdue a substantial correction upwards ...