Australia's largest stock trading and investment forum Australia's #1 stock forum

PM1 pure minerals limited

0.00%

3.8¢

Undervalued compared to peer, page-7

First 7 Last

Share
Profile

Follow
Big Kahuna 101

9,077 Posts.

1495

05/11/17

11:34

Post #: 28510296
Share

Originally posted by Nebuchadnezzar ↑

Comparing Pure Mineral's fundamentals to that of fellow Manganese explorer, EPM, it is quite obvious that PM1 is severely undervalued.

Some numbers:

PM1 price: 0.019
PM1 SOI: 270,629,000
PM1 MC: $5.1M
PM1 Cash: $3.8M
PM1 EV: $1.3M

EPM MC: $10.3M
EPM Cash: $1.3M
EPM EV: $9M

Some words:

PM1 is a Manganese explorer ready to spin the drill bit into a very large number of potential targets over approximately 30km of strike length at it's 100% owned Battery Hub project, with a whopping $3.8M in the kitty to spend.

A huge database of more than 500 drill holes and recent surface sampling has helped to define some high priority targets which the company is planning to drill 50 holes for more than 2000m as soon as PoW is granted which is expected this month, with the ultimate goal of JORCing up a deposit.

HIGH grade Mn rock chip samples have been returned with some grades of 25% and 47% Mn. Just look at that beautiful pic below of outcropping Mn at it's Pools prospect, which has received very little historical attention. THIS IS DSO GRADE STUFF, notwithstanding other factors of course. There are over 40 Mn prospects in this one tenement and they are expecting a 2nd adjoining tenement to be granted this month, providing more highly prospective Mn targets. So there is definitely scale to be something large. And check out the grades of historical rock chips in the image below.

A Comparison

The similarities to EPM are numerous. Both have high DSO potential Mn mineralisation up to 40%Mn across a very large number of targets. Both about to put the drill bit into the dirt before the end of the year. And yet look at the difference in MCs and EVs. PM1 has $$3.8M in the Kitty. The SP of PM1 would need to get to about .048 before the EVs are equalised.

EPM has recently has recently bagged just in anticipation of the drilling campaign expected to commence before the end of the year after a long wait for EPM holders. I am expecting a similar run up for PM1 as we are also expecting our drilling to commence prior to years end.

In closing

This thing is safely funded through a bunch of drilling campaigns and yet here it is at shell value. Below bloody shell value! Where's the downside?

Oh, and did I mention that they are also prepping to explore for lithium at their Morrissey Hill project which has returned rock chip samples up to 1.32%Li20 and located less than 10km from SEG's Malinda project.

Manganese price reversing it’s down trend and expected to continue. Manganese will have it's day in the sun and Pure Mineral's potential DSO project is an incredible entry for anyone at an EV of just $1.3M. Once that drill bit hits the dirt you will be paying quite a bit more for a piece of this Co. Bugger all shares on issue. When the market clicks to the potential here this will run hard.

Cheers,
Nebu

Some images

View attachment 809466

View attachment 809469

View attachment 809472

View attachment 809475

View attachment 809481

Expand

Great post. Pretty much summarise why I have built a significant holding in this over the past month.

With the GM coming up on the 30th of November, if we haven't received an update with real progress by the 15th my 1.85 mil will be voting against resolutions 3, 4, 5 and 6.

PM1 Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

DMP

Is Domino's a steal after -25% plunge?

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

SPONSORED BY