Pursuit savaged after cuts

DESPITE a recent upbeat presentation about its plans to develop a tier one vanadium mine based on its large, high-grade Scandinavian projects, Pursuit Minerals today slammed on the brakes, with its shares dropping more than 30% in response and its market capitalisation falling below A$2 million.

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Pursuit's future is looking bleak.

While managing director Jeremy Read was recently promoting to investors in London "a big vision and an aggressive strategy" for its Airijoki and Koitelainen projects, and the potential for near-term