Tim was well set up for such an event as a Julimar discovery. He...

Tim was well set up for such an event as a Julimar discovery.

He didn't t set his companies up for such an event, one where nearology was so likely a big factor (as nobody was expecting PGE systems) and he has had cross ownership of several companies for years.

But it was the perfect discovery for Tim.

Because its an hours drive from the Perth office and all his companies are in the same building with him Chair of all companies, several directors/advisors common to the companies over the course the same person answering the phone...so part of it was set up like that just to save money for all companies.

But with, especially with a PGE hit well he made sure the other two companies, DEV and LTR got good ground that was remaining very early too.

As all the Geological text book when speaking of PGE systems speak of repetition.

This is where PURs early pegged vendor acquired leases give this company an advantage over many others.

We didn't get some scraps Tims company didn't want, we bought assets already pegged pre Tims discovery, three of which happen to be right in the guts of Tims discovery (Cal West) and another very closely on the flank (Cal East).

Bindi leverages off being along strike of LTRs discoveries and Wubin has Tim straddled alongside as well.

It will be interesting to see where CHN stands in a years time. It will either own more ground in the area (it will start acquiring additional companies leases/ground)itself or it will have Julimar and surrounds acquired (asset sale) IMO.

Julimar could get taken over in a multi billion dollar sale that would be the Aussie mining event of the year if/when it happens.

This is what happened at Voisey Bay Nickel in Canada, big projects , big discoveries often get sold quite early, still in the Billions of dollars but leaving the heavy lifting of years long development to the big dogs in the mining space.

This is the nature of emerging industries. Sales mergers and acquisitions..

It is an exciting space.

For Pursuit, well we have to make that breakthrough discovery to put ourselves more on the map. We could have a copper/ mixed metal strike at Cal East and a PGE play at Cal West!!

There are 8 different patches of dirt we have to investigate at Warrior and if that does not provide enough to go on with over winter (if we have to stay out of a few patches because of cropping until Dec) well Gladiator and Combatant are all year round access projects, there is plenty to go on with thats for sure....