PUR pursuit minerals.

N

nickybaby

Active Member
Silver Stacker
This is a pure speccy punt. It's a nearology play on my pet favourite CHN.


The Julimar region of WA is lighting up like a christmas tree looking for more Pd plays. if anybody hits in this area they will go x10-x20 easily. ( quite a few companies to deal with ( DEv,ASQ to name a couple)

Why this one, well they have a great set of EM data ( which is at the very least pretty could be compressed peat/carbasious material, phyarric sulphides or ulramafic sulphides). they just dd a CR so cashed up for drilling which will hopefully commence in a couple of weeks. I managed to get 1million shares last week before the EM data bounce.
 
Just got 10000 shares of PUR, I'll ride in your slipstream :cool: Also another 2000 of DEV - another PGM hopeful. As you say, all this small fry around the Julimar region are all specs, and placing lots of small bets here is better than wasting money in a casino.
 
I got very lucky with CHN. I bought 100,000 at 20-30 cents almost 14 months ago. I sold a quater a while ago so have some funds to play with. I actually was looking at their gold assesst over east and didn't think much of julimar. ( shows how much I actually know).


I'll be honest in this sector I would give them a 15% chance of hitting ( and i think im being generous at that). but if they do hit they go 10 x. If they miss ill have blown the cash. I also hold a small parcel of DEV and POD ( not same district but have some nice upside in my estimate).

looks like drilling will begin in 2-3 months so a while to wait yet.
 
wow, you got lucky on POD as well. The damn thing has already gone up like a skyrocket, and I don't have any. Very hesitant to buy in when I see charts like this.
 
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So I've done some quick scratchings, if we assume that 0.86c is POD's high and that its low is around 18.5c then I'd be looking at buying in at the 27c - 35c range once I see a reversal.

If we assume that the 86c is the high but this time use the 42.5c as the low then I'd be looking at buying in at the 48c - 53.5c range. There was a wick down to 60c but who knows if it will get that low. Will see how the CR goes, but there's plenty of other fish in the sea.
 
think you are correct. I was looking at the 35c area to get back in. They have approx 3 million in cash and they think that will last three quarters so a cr is inevitable in my opinion. that's why i kept 1 % to see if we get a go at the trough.
 
I sold DEV on monday and POD last week and placed it all in caspian CPH on monday ( at about $1.40). On paper I have made the correct desicion at the moment. CPN could still have poor mineralisation in their drill cores which will send the price back down. But if they have even half of what chalice had they will be $20 a share in no time. 60 mill on register ( with 10 mill oppies ect) give a total of 70mill SOI.

2 drill hits 1.8KM apart if that has even a small amount of PGE or Ni or Cu over that distance it will be a nut busting amount of mineralisation. A 1Bill market cap at 70 million shares is 15 a share. With the sort of hits in this area thats a no brainer gamble for me.


On a side not PUR up nicely today as well.
 
My holdings are very modest compared to some of the folks here, but my CPN is up 195%, which is a lot for a prayer and a hope (seeing as the assay results are not yet in). DEV and PUR are also up 17% and 25%. Nothing left to do but sit and wait... Hopefully some of the other explorers in the same area will deliver good news too.
 
Devs Cr was unexpected.

Caspian and PUR appear to be in holding patterns waiting for drill results. I expect that to continue until they release to market.

I'm hoping for a caspian TH in about 5 weeks that states " until release of Lab results" and then a two day wait in TH. Its been my experience thats usually positive.
 
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