Thor Energy Share Discussion Threads

[noirua] 13/2/2018 15:48

Wiki Answers:
How Leaching carried out in low grade copper ores?


- cost US$2/lb

[bionictwat] 13/2/2018 09:50

Take ya money and run

[edgein] 13/2/2018 09:44

Ab,

Well all the better if it comes in the next few weeks, if its still H1 I'll be happy enough with that.

Regards,
Ed.

[abrahe00] 13/2/2018 09:40

@Ed: "... Molyhil upgraded DFS in the next few months... ".

I think you mean weeks! See below from Jan RNS. Although, Mick's never been one for timeliness!

-- Work undertaken confirms increased project viability and supports the completion of an upgraded Definitive Feasibility Study (DFS) expected in the current quarter

[edgein] 13/2/2018 09:32

Pale,

Another good interview from Mick. Sets it out very nicely. To use his example on his comparison with the other insitu copper miner:

$7000/tn of Cu, costs of $1500tn of Cu, is a net $654.5m gross for 119,000tn recoverable, 45% $294m net if all 119,000tn of copper recovered, I guess the copper below 100m might be too high grade. That's some estimated upside on the few $m that THR will pay for this earn in on Kapunda.

Good to hear there will be significant progress on the assets this year, Molyhil upgraded DFS in the next few months and work on the scoping for PM.

Regards,
Ed.

[edgein] 13/2/2018 09:18

mostro,

I didn't know what you expected from Kapunda, previous guidance was for around 40,000tn of recoverable metal, the upgrade is to 119,000tn or around $785m for 119,000tn of copper cathode. Given what Mick paid for this share of 45% direct interest its many multiples of what they paid. A significant upgrade to the previous 40-50,000tn of recoverable copper. The update was way beyond what I was expecting, hoping form maybe 60-70,000tn, not 119,000! True THR did write in a option price of 14 (fourteen) p into their recent RNS. Obviously somewhere that THR and MTR see the price going otherwise they wouldn't have set that vwap clause into their recent RNS. But given they've the teir 1 asset at PM and discussions ongoing I can see where they're coming from with that regardless of Molyhil or Kapunda progress. It'll be over the longer term though for the development of all these projects.

Regards,
Ed.

[the stigologist] 13/2/2018 09:18

Anyone who buys a Paul Johnson stock should know it's only a matter of time before he will be dumping after his pumping

[the stigologist] 13/2/2018 09:16

What did Mark Twain say about mining promoters?

A hole in the ground with a liar at the top

[paleje] 13/2/2018 09:11

Would have been better if Mick had spoken yesterday but that wouldn't have pleased the regulars. Anyway here he is:-

[edgein] 13/2/2018 09:09

Mr Roper,

They apparently still have interest from the US offtake for Molyhil, but looking for partners at the moment for the shallow pit operation. Good time too given the current tungsten price and MB maintains that they can produce the stuff around $100/MTU with the current tungsten price around $300/MTU. If they get a partner or financing for MH then they'll fly. Also apparently in talks for jv on the whopping PM, its their star asset. Molyhil and Kapunda at around $400m each of metal are only a fraction of the size of the metal contained in PM, currently working towards an upgraded JORC there now that they can include all 4 discoveries into the PM numbers. So lots of news to come and a market cap somehow less than £20m, even though they've the largest undeveloped tungsten discovery in the USA, could produce some 4-5% of global tungsten. Potentially more if a new large jv partner starts on the 5-6 years of expo that Mick hinted at. Market doesn't yet realise the scale of THR's assets.

Regards,
Ed.

[the stigologist] 13/2/2018 08:44

Got to pump before a dump
It's in Mining Promotion 101

[paleje] 13/2/2018 08:42

Some taking advantage of cheap shares this morning. An interview with MB will be available soon according to PJ/sharetalk tweet.

[jarega85] 13/2/2018 08:32

Why would MTR sell, they would be selling at a loss after only buying in and we have not had bad news.And I am sure MTR did not just buy in for the Kapunda update! They see value across all the assets.

[mostro] 13/2/2018 08:25

One could get a bit hacked off with this!!
After all the blatant bulls..t predictions of 5p 10p even 14-16p short term both here and on LSE.
Luckily I sold half my holding at 4p before this somewhat under inspiring rns.. Still I remain 20% down on my albeit smaller holding as of this morning.
If PJ and/or MTR have dumped someone needs shooting!

[the stigologist] 13/2/2018 08:20

Awful two faced charlatans

[the stigologist] 13/2/2018 08:19

Bet it's the Paul Johnson clique

[abrahe00] 13/2/2018 08:07

The Aussies DID buy into Kapunda... Terramin's share price went up on the back of the resource estimate.

I think someone is off-loading THR in the background. We'll know soon enough.

AIMHO.

[the deacon] 13/2/2018 07:59

There's no interest in THR over in Oz. THR posters are almost all UK based trying to talk it up.

[paleje] 13/2/2018 07:56

There was no ASX volume overnight so don't talk nonsense. The share price followed AIM which was played, that's all.

[the deacon] 13/2/2018 07:12

Agreed Stig. The Aussies really bought into the Kapunda news last night...

[cudmore] 13/2/2018 06:35

Stig

You need to get to bed at a decent time you muppet!!