Thor Energy Share Discussion Threads

[paleje] 23/3/2017 11:43

Cash costs and capital required would be handy too:) impossible to assess value without them/ or size of fund raise that will be needed. I've asked co for some ball park estimates, also a timeframe. Also asked about Beaufort's joint broker appointment, they have a reputation for bucket shop placings, I wouldn't like to be stiffed by one. All makes a difference to how far you chase at this stage imo.

[edgein] 23/3/2017 11:37

LGW,

The largest intersect from previous wells was the old eastern hole at 17m approx. We've now had a further 50m eastern extension with the 2 new infill holes with 51m and 15m respective mineralisation. Plus a newly discovered 19m zone at Garnet. We'll have to wait for the assays and the resource upgrade thereafter to determine how much we've added to the USA's largest undeveloped tungsten asset. Mick did hint it could turn the company into a mid sized company in relatively quick time. I think he did say 2-3 years. There's several hundred million ozzie $ in Molyhil, grades at PM are several times that and its getting bigger. Mick now wants another round of drilling at PM early summer. So lots going on here over the next months, at a guess we must be within about 1-2 weeks of the assay results.

Regards,
Ed.

[euclid5] 22/3/2017 21:49

Thor Mining - Gross NPV of just Tung in ground value

1 MTU = 10kgs (1% of a metric tonne
100 Mtu = 1 Tonne
$200 Mtu x 100 = $20,000 per tonne for Tungsten

21,000 x $20k = $420m
$420m div 1.20 fx rate = £350m

£350m / 373m shs = 94p Gross value excluding Extraction costs


Contained metal (t) 21,000 (Table 1: Pilot Mountain Resource Summary 2014 (JORC 2012), announced 10 June 2014. 100% owned by Thor Mining Plc)

[edgein] 22/3/2017 12:59

Pale,

I've stuck in an email so it'll be interesting if Mick gets back on those.

Regards,
Ed.

[paleje] 22/3/2017 11:01

Thor inviting pi questions which they'll answer in a Q&A:-

paul johnson Retweeted
Thor Mining‏ @ThorMining 2h2 hours ago
More
#THR very pleased with progress. Should you have questions please tweet or email [e-mail] & we will publish a written Q & A!

[euclid5] 17/3/2017 18:47

Galileo Resources - mkt capt £20m with 196m shares in issue

they came from £1.72m mkt capt when they were under 1p back in June 2016

Value comes through at the end with AIM

[jungmana] 17/3/2017 16:39

Edgein, this one should multi bag imo. This pullback is an opportunity to build my holding here.

[edgein] 17/3/2017 16:29

Jung,

Good man! Agreed, can see more accumulation between now and the assays, 2 new extension holes into Desert Scheelite and a new 19m zone at Garnet not seen before. Assays and resource upgrade on the way in the coming weeks.

Paleje, it was only about £30k warrants after these two sessions of conversion/exercise into shares. Certainly not going to 1p for that! He's just being hopeful, but slim chance with Jung and others hoovering up cheapuns.

Regards,
Ed.

[x54v] 17/3/2017 16:26

A few days ago and it was above 1.8p and nothing has changed.

Recent excellent news, just at a cheaper price to buy in on.

[x54v] 17/3/2017 16:25

Buying certainly picking up into the close.

[jungmana] 17/3/2017 16:12

This drop is overdone. 1.85p peak offer on Monday to 1.15p bid today.Time to buy more and I have.Gla

[paleje] 17/3/2017 15:41

Hadn't seen the asx mid, Ed, just the 18% drop on low volume. I agree its normal activity, just wanted to balance shwetal's prediction of 1p:)

[knowing] 17/3/2017 14:55

Some people are going to bank profits as thats life

[edgein] 17/3/2017 12:51

Palje,

Mid price on the ASX is 2.5C or 1.55p. Its just a little profit taking before the assays for Desert Scheelite and Garnet come in.

Regards,
Ed.

[paleje] 17/3/2017 11:32

Doubt if Beaufort's warrants would be selling at this price so maybe they know there's news out soon......or, maybe they pre sold on the recent spike and now need the shares to cover. (what, surely they wouldn't do that would they?:))

Either way *imo* the warrants aren't causing the dip it's just following ASX from last night, temporary lull.

[shwetal] 17/3/2017 10:29

I am planning to buy some more when it dips down to 1p due to the exercise of warrants.

[edgein] 16/3/2017 14:54

Doodle,

Welcome aboard.

Regards,
Ed.

[doodlebug4] 16/3/2017 14:08

You're welcome Ed. This was flagged up by a poster on another forum yesterday and I thought the RNS sounded promising, so I'm going to dip my toe in.

[edgein] 16/3/2017 14:01

Doodle,

Thanks for posting the new interview. Interesting another 19m of additional intersect discovered at Garnet too and more drilling planned for early summer after the assays. Gonna keep the momentum going it seems. One of these areas of mineralisation is just 5m deep, should be a low cost startup on that one.

Regards,
Ed.

[x54v] 16/3/2017 11:47

Dip buyers getting tempted now.

[jungmana] 16/3/2017 10:03

Very undervalued. Got some more at 1.34p.Holding about 300k shares now. Looking to double that if stays at this level and I get more funds.Gla