Thor Energy Share Discussion Threads

[edgein] 22/9/2017 14:51

Link for recent proactive interview:

Pilot mountain of global significance and Molyhil costs per MTU estimated at $160 vs tungsten price of $312!



Regards,
Ed.

[edgein] 20/9/2017 09:40

Very very interesting presentation. I'd almost forgotten that Molyhil had an EBITDA of over $200m AU to THR. Nice to see also that the PM project is around 4-5 times larger than this and keeps getting extended through drilling. That's pretty good for a company with a market cap of less than £4m. :)

Regards,
Ed.

[edgein] 19/9/2017 12:47

Mr Mick Billing, Executive Chairman of Thor:

"Very encouraging initial results from Desert Scheelite and Good Hope, and hopefully the assays, expected in several weeks, will confirm this.

"Desert Scheelite in particular continues to shape as very exciting amongst the suite of deposits at Pilot Mountain, and the depth extension and potential additional lode to the north identified in this program represents extremely promising growth potential."

"The rising Tungsten commodity price recently has increased interest in tungsten explorers and developers. We have spent several years building a quality tungsten portfolio and with Pilot Mountain in the US and Molyhil in Australia, the Company is uniquely positioned to benefit from a resurgent tungsten sector."

I agree Mick those that have read the actual release will realise that these discoveries remain open and to have 30m of mineralisation near surface at good hope is excellent for a potential copper/zinc/tungsten early start up. Good to maintain the extremely promising growth potential!

Regards,
Ed.

[edgein] 19/9/2017 12:44

Excellent news so they've made a second discovery up north of DS, that one will need further drilling and another wide intersect at Good hope too! No wonder Mick and holders see this as very encouraging. Should do wonders for our new mineral resource when they revise the numbers for these discoveries. Good hope not even in the current resource here. DS also extended by a further 60m even though there were only a couple of holes drilled in this current campaign.

Regards,
Ed.

[callumross] 19/9/2017 10:49

Disappointing results unfortunately.

[bsg] 16/9/2017 08:44

What, three more years of dilution and drilling holes. That's whats THR good at.

[euclid5] 15/9/2017 15:12

3 years to wait for their feasability report - a long time in AIM share for this

"Thor's discretion, and which will be used to fund field test work and feasibility activities at Kapunda over the next 3 years"

[edgein] 13/9/2017 12:55

Interesting Mick, interesting. Development plan being staged and first stage is to get out a JORC for this area that requires no further exploration! Low cost expo then! Followed potentially by low cost development as highlighted in this article:



Interesting times with strong copper, tungsten and zinc prices.

Regards,
Ed.

[happyholder123] 09/9/2017 10:32

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[knowing] 06/9/2017 11:48

Tungsten price is really going wild now.

[edgein] 06/9/2017 10:16

Knowing,

Yes I know I hold VAST and GEO too, copper is doing very well as is Zinc (all useful for Pilot Mountain). The release from Ormonde mining yesterday suggests tungsten has further to go yet as the supply crunch really takes hold.

Regards,
Ed.

[knowing] 05/9/2017 12:44

It's not only Tungsten. Take a look at copper

[edgein] 01/9/2017 10:23

Interesting move in the tungsten price:



Regards,
Ed.

[edgein] 30/8/2017 08:35

Very interesting, more intersects again in this new step out hole, DS continues to expand, no wonder Mick is very bullish.

"Mr Mick Billing, Executive Chairman of Thor:

"Very encouraging looking core samples from Desert Scheelite, and hopefully the assays, expected in several weeks, will confirm this.

"Desert Scheelite continues to shape as a very exciting deposit, amongst the suite of deposits at Pilot Mountain with extremely promising growth potential."

Regards,
Ed.

[edgein] 25/8/2017 14:19

Here's a bit of relevant news from W resources, I don't hold there and have no intention to as their tungsten asset is a fraction of either Molyhil or Pilot Mountain but the price is interesting and their commercial grade:

"W Resources Plc (AIM:WRES), the tungsten, copper and gold, exploration and development company with assets in Spain and Portugal, provides an update on development of its La Parrilla Project in Spain.

The Company has completed the Financial Investment Decision ("FID") report, a summary of which is available at www.wresources.co.uk.

La Parrilla is a large scale, low cost tungsten and tin project, located 300km south of Madrid. JORC compliant resources total 49 million tonnes ("mt") at a grade of 998 parts per million ("ppm") tungsten trioxide ("WO(3) ") and JORC compliant reserves are 29.8mt at a grade of 931ppm WO(3) .

The mine is expected to be developed and expanded over the next 12 months to mine 2 million tonnes per annum ("mtpa") of run of mine ("ROM") and produce approximately 2,700 tonnes ("t") of tungsten concentrate and 500t of tin concentrate per annum."

So they have a commercial mine at present with a grade of 0.093% tungsten, in contrast Molyhil also at surface is around 0.3% and pilot mountain tends to range from 0.3%-0.9% and has copper and zinc credits too! If tungsten keeps heading up Molyhil could be developed and that would have serious impact on our market cap, several hundred AU$m of tungsten at Molyhil and its a fraction of the size and lower grade to PM but still x3 the grade of ore at W resources.

Regards,
Ed.

[edgein] 18/8/2017 16:06

Paleje,

Very interesting interview, thanks for posting that, especially the part about China tungsten. Sounds like next couple of weeks will get more updates on the Copper resource, lith asset and PM drilling.

Regards,
Ed.

[paleje] 18/8/2017 15:43

Mick Billing on sharetalk:-

[edgein] 17/8/2017 14:01

Joseph,

Its Molyhil hands down. Its got a DFS out years ago now, its ready to be funded. Mick said it just needed another tick up or two in the tungsten price first, tungsten is up from $22k/tn to around $25k/tn. So Molyhil could happen any time, its $AU 250m or so of tungsten at around 0.3%W. It requires around $40m for devex and has a life of mine of around 6 years but they may be able to expand on that through expo of the new licences. Molyhil could be in production within 12 months of it being funded and goodness knows where the tungsten price could be by then, its certainly going up at present. So its head and shoulders more advanced than the PM, lith and copper. Its good to go once funding secured. A partner coming in to carry us would be ideal, instantly mulitbag our £4m cap.

Regards,
Ed.

[paleje] 17/8/2017 13:45

You'll be deeply missed, tem.

[temmujin] 17/8/2017 11:18

sorry i sold out today on the spike and invested it all in IOF on this news: Global iodine spot prices move up
By MARTIM FACADA
Published: Thursday, 17 August 2017
Spot and contract iodine prices have moved upwards according to Industrial Minerals' 17 August market assessment as producers eye a $24/kg price by year-end.

Global iodine (crystal, 99.5%min, drums) spot and contract prices rose 17 August with more activity reported in the market over the past week.

Producers and consumers told IM the increase is likely just the beginning of an anticipated rise in prices following the decline to historically low levels.

[josephrobert] 17/8/2017 10:20

Back in June I thought there would be plenty of newsflow and it hasn't disappointed. While I share my concerns with the number of projects and the available cash, it does reduce the reliance on a smaller number of projects and the primary metal in those projects.

There is a possibility that the mgt team have another good reason - perhaps it can monetise one of the projects sooner than expected in line with the rising metal prices highlighted in today's RNS? If that is correct then having a number of earlier stage projects already carefully assessed for funding would be a distinct advantage - companies need to take advantage of economic metal prices to grow - and by having projects ready and waiting for funding it will be a distinct advantage. Thinking about it by buying an interest in early stage projects when metal prices are flat to rising should be a lot cheaper than a buoyant market. Also if we leave it too late / have only one or two primary metals to focus on which may not necessarily rise with other metal prices - then we haven't added any value and the company hasn't grown. Why would we invest a company has invested in the wrong metal, the wrong projects or simply too late? By investing early and in a number of metals perhaps THR could be at a distinct advantage further down the line?

I was thinking Molyhill had a better chance of being sold / farmed in etc from memory. Any thoughts which project is further along Ed?

Like many others I'm sure I wouldn't be surprised if the share price kicked on nicely if it could just close over 1p.

[edgein] 17/8/2017 09:29

Very good first hole at Good hope, good combination of copper, zinc and tungsten near surface with a 27.4m intersect! Good to see them proving up the historic data so they can include GH in with the DS numbers later this year.

Regards,
Ed.

[edgein] 10/8/2017 09:03

Good to see them drilling again at PM, that should help firm up more resources in this huge project. Also very interesting to see the increasing tungsten price at a time of traditional weakness, hopefully we're getting that bit closer to securing developmental funding for Molyhil. Just a few weeks for more results followed by assays. :)

Regards,
Ed.

[edgein] 03/8/2017 10:47

Good man PJ, at least a few of us recognize the value here. So what if the new Copper assets are a little more long term, there's going to be plenty of short term activity on the lith and tungsten assets. Having projects right through the cycle, Molyhil DFS ready for development, PM approaching maiden JORC, lith and copper early expo, is the best approach for a small miner. Any one of the above could multi bag our £3.8m cap, I guess that's why PJ keeps adding.

Regards,
Ed.