Thor Energy Share Discussion Threads

[euclid5] 31/3/2017 20:24

a nice 1.7m buy at 1.39p, nearly £24,000 worth

[paleje] 31/3/2017 14:32

PJ was doing his bit earlier.

paul johnson Retweeted
Proactive Investors‏Verified account @proactive_uk 3h3 hours ago
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#proactive Zak Mir hails ‘markedly improved’ technicals at Thor Mining as he sets 2.5p target

[euclid5] 31/3/2017 10:48

Pilot Mountain Resources Update

• Significant maiden JORC resource estimate for the Desert Scheelite Deposit completed by independent consultants, Golder Associates, exceeds guidance by 36%.
•
• Indicated and Inferred Resource of 6.79Mt @ 0.31% tungsten trioxide (WO3), 22.8g/t silver and 0.17% copper reported at a 0.2% WO3 cut-off with 90% of this resource in the "Indicated" category. Resource contains;
•
• 2.1 million MTU's of WO3 -
• 25 million pounds of Copper
• 4.9 million ounces of Silver

hxxp://www.pacificgoldcorp.com/news120711.html

Quick calcs

WO3 = 21,000 tonnes x £1667 per tonne = £350m Gross NPV value
Copper = 11,339 tonnes x £5000 per T = £57m Gross NPV
Silver 4.9m oZ x £14 per ounce = £68m Gross NPV
Total = £475m Gross NPV based on JORC 202 Resource figures

£475m did by 367m shares in issue = 130p Gross NPV before Capex costs

[edgein] 31/3/2017 10:44

Excellent Q&A! Got all the questions answered that I was looking for. Sounds as if PM is potentially world class. Garnet could be developed quickly as an open cut mine, PM may attract interest from majors and the offtake agreements are still in place and there is a ready market in the USA and Europe for the concentrate. Astounding assets for a miniscule cap.

Regards,
Ed.

[euclid5] 31/3/2017 10:32

Project Q & A Discussion

[lgw] 31/3/2017 10:04

I don't follow metal tiger and only a recent holder of THR so would be much obliged if someone could take time to explain the history and links between the two companies.TIA

[edgein] 31/3/2017 07:59

Interesting, a chap from MTR has joined the board and the new options are at a price of 1.75p a decent premium to the current share price. Clearly the board believes we're going higher and they'll get a decent return on those options.

Regards,
Ed.

[jungmana] 30/3/2017 09:34

Yes Edgein, thats a large buy by someone on LSE. I also added some yesterday.Now ready for the assay rns's

[edgein] 30/3/2017 08:18

euclid,

Well spotted I had missed seeing that delayed buy at 1.2755p. Someone clearly hoping for some good grades imminently.

Regards,
Ed.

[euclid5] 29/3/2017 19:52

a nice 3.057m buy this morning, nearly £40k worth

[edgein] 29/3/2017 13:55

Bantam,

Miners need their results independently verified so they get sent to outside labs. 3-4 weeks seems about standard, some take longer than that. We're now 3 weeks from the date when they intersected the 51m mineralisation. So shouldn't be too long now until we get the full assay results for DS and Garnet. Then Mick was already planning a second round of holes for Pilot Mountain for around early summer.

Regards,
Ed.

[bantam175] 29/3/2017 10:31

Creeping up today.

I don't get this 3-4 weeks for assay results? Surely there's a process where you could fast track when confident?

[edgein] 28/3/2017 14:51

Pale,

Well regardless of the Q&A the first drill results came in on the 7th of March and the final round came in on the 15th. Mick said 3-4 weeks for the assays (obviously depending on how busy the lab is). But we could have news on that front about the end of next week and the complete results the week after so plenty in the pipeline still as well as posting of the Q&A. I'd imagine the Q&A will come out shortly after the assay results as I suspect some/many of the questions will focus on these recent holes.

Regards,
Ed.

[paleje] 28/3/2017 14:35

No, fair point Ed no time set. But I doubt they've been deluged.

[edgein] 28/3/2017 13:47

Pale,

Its only been 6 days, perhaps they're still getting in more Q's. I didn't realise there was a timetable for a Q&A also.

Regards,
Ed.

[paleje] 28/3/2017 09:57

Where's Mick's Q&A sheet, he invited questions 6 days ago. Doesn't help investor confidence when you don't follow up and it's all about confidence. Not talking about the assays, just the Q&A, simple.

Thor Mining‏ @ThorMining Mar 22
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#THR very pleased with progress. Should you have questions please tweet or email [e-mail] & we will publish a written Q & A!

[bantam175] 28/3/2017 07:40

And I've seen plenty of spikes on smallcap news that fizzeled out to nothing and the companies folded few years later or diluted so much original stake was worthless.

I'm still holding waiting for the assay as I expect you are.

But regretting not taking the 1.6.

[euclid5] 27/3/2017 20:52

I recall plenty of drops on GLR - Matd - JOG to name just 3, so many would of sold out only to miss uti bagger returns after a few months

seems short term daily traders here not holders for the end prize & worrying on daily drops

[bsg] 27/3/2017 15:53

This is THR, what do you expect!

[bantam175] 27/3/2017 15:44

Don't like this drop.

:-(

[lgw] 23/3/2017 16:30

Thanks for the replys guys.Looking forward to April then.

[bantam175] 23/3/2017 15:15

Here's an example of a few figures.



Getting it out of the ground don't come cheap.

[paleje] 23/3/2017 15:05

They didn't say, just to get questions in

[ali_b] 23/3/2017 12:42

Does anybody know where the List of q&a's when and will be released?

[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.