Thor Energy Share Discussion Threads

[jungmana] 07/11/2017 10:03

Gone up just 100% is that a lot? Likes of ggp have gone up 400% in same time period. Profit takers are to be expected along the way but imo we will see 3p+ here by AGM.

[edgein] 07/11/2017 09:12

Jung,

Yeah 6.5p for PM looks very reasonable even before the upgrades for recent drilling and adding in Good Hope to PM. 12Mt is already a fantastic asset for a small cap without the further upgrades, especially with the current tungsten, copper and zinc prices with some silver credits thrown in too. Yeah Kapunda due any time, then Pilbara then Molyhil revised DFS, then PM feasibility and new resource estimates. Gonna be an interesting and exciting 12 months ahead for those that stay for the ride.

Regards,
Ed.

[jungmana] 07/11/2017 09:07

Kapunda news too should land this or next week

[jungmana] 07/11/2017 08:24

Edgein, yes pilbara should be in by AGM as he did say 2nd half of November.On PM alone we should be 6p (£30m) imo.

[edgein] 07/11/2017 08:15

Looks like the AGM is planned for the 29th of Nov, I wonder will they have the new Pilbara gold asset by then. Good to see them steam ahead towards fair value not many AIM listed companies have over $1bn of tungsten in the good ole US of A. Market cap certainly starting to adjust itself in the direction of its assets with a long way to go. A Pilbara asset will make these an even more significant prospect. When MB said he was targeting a mid cap within three years I guess that was on PM alone.

Regards,
Ed.

[jungmana] 07/11/2017 08:12

Good start to the day. 3p here we come

[x54v] 07/11/2017 07:14

"Rekindling won the Melbourne Cup today but @ThorMining had a bit of a gallop on ASX also #THR"

[jungmana] 07/11/2017 07:10

At last the Aussies are catching up with us. Nice one

[tidy 2] 06/11/2017 16:22

Yes certainly. Atb here guys

[x54v] 06/11/2017 16:11

Whatever anyone's view, the market's current take on THR is certainly bullish.

A very strong recent rise underpinned with heavy volume.

[cool hand kev] 06/11/2017 15:32

Some people have bee waiting nearly 10 years for SOLG to prove up their resources
Mining's not an over night response.

[lenses] 06/11/2017 15:30

Though Vast has real growth potential, Vast can never have the same extraordinary upside ahead that is capable here for Thor.

L.

[tidy 2] 06/11/2017 15:25

Thanks Ed. You're missing the point Vast has infrastructure already in place ready to produce from which alone is worth twice Vasts Mcap. And it has 55mines like this to choose from. Vast production stage which takes years and years to reach before funding and building infrastructureThr will take years to get to that stage.

[lgw] 06/11/2017 15:20

That's told him lol

[edgein] 06/11/2017 15:13

Tidy,

I suggest you start researching THR, clearly from your comments this morning and yet at again you don't have a clue. Molyhil is already past the DFS stage and is awaiting a further updated DFS in the near term. Pilot Mountain was heavily explored in the 80's by Union Carbide and confirmed again by THR. That was for 12Mt, but as THR have pointed out they've expanded on this resource and at the request of financiers are prepared to move into the feasibility/development stage, feasibility first though. This is for the largest undeveloped tungsten asset in the USA, which as THR have shown in the series of exploration campaigns this year is just getting bigger and bigger including new discoveries. Read the recent strategic update for example:

"The next phase of activity demonstrates a departure from a focus on exploration expenditure, to build project resources, and the commencement of activities designed to progress the commercial potential of each of the Company's core projects. The key focus for the Company now is to demonstrate the value that the board consider existing projects to hold, and move them towards commercialisation, in order to generate quantifiable shareholder value."

All of these projects, PM, Molyhil and Kapunda are at the development ready stage, no more speculation, no more exploration. We're awaiting the independent qty of copper at Kapunda near term. Yes PM lifespan could produce 1% of the global tungsten for 15 years and that could be expanded 2-3 times according to MB's recent interview. But they've more than enough to get on with now they're in the development cycle. All of VAST's mines at BP, Manaila and Caribaba could fit into a corner of PM. Yes the new Pilbara licence is the speculative part, just like all those 55 mines in your post. It would be nice to see VAST get those two mines funded to profitable production let alone get any more costs piled on at this stage, but that's just speculation on your part. But who knows maybe sometime they'll develop a project on the scale of THR's PM. Or even own one at that stage with reserves.

Once funded Molyhil would be in production in about 9-12 months rather than your speculative 5-10 years! lol. Do yourself a favour and switch your VAST for THR and make yourself some real % gains. You only appeared on VAST when most of us were selling to you. VAST was a great investment at sub 0.3p, almost as good as THR at 2p, but as I pointed out they don't have an asset developed up to this scale. Even Manaila needs substantial expo to get to 5Mt let alone anywhere close to THR's PM.

Regards,
Ed.

[cool hand kev] 06/11/2017 15:11

So are you implying that VAST is a better investment than THR?

[tidy 2] 06/11/2017 14:47

Totally different stage of growth then. Thor the speculative stage of the 5-10 years from production cycle. Vast is already at the production stage and preparing to take over mines that have been on care and maintenance. The funding they await is a small amount they need to bridge the gap for the financing package that awaits them which is tied in with offtake deals they have on the table with some of the biggest names in the business. It is very big for vast. The mines infrastructure, rail lines, shafts and tunnels already in place with equipment all ready to be fired up. 55 mines to choose from they have first refusal of and they plane to have 5 more up and running next year making their total 8 mines on the go. Very big and years ahead.

[edgein] 06/11/2017 14:27

Of course they do that's why the last operator of BP went bust. Once VAST raises the money it needs to develop BP and Manaila it'll be less risky, but for now its valued very steeply compared to little THR which is just over £8m! And THR have significantly larger assets. BP is similar in size to Good Hope, difference being is that THR's 5.6% cu equivalent starts at surface and not 600m underground. Therefore shallow pit has much better economics than VAST's underground operations at BP. Good Hope is only a part of the PM asset here. Also they've already said they need money for refurbishing the BP mine so it'll be nowhere near as instant as you think. Hopefully Manaila and Carlibaba won't such in too much more of their remaining cash in the mean time. THR on the other hand are funded to feasibility on many of their assets and somehow capped at less than 1/3 of VAST.

Regards,
Ed.

[tidy 2] 06/11/2017 14:19

Remember Vast has $60-$70m infrastructure and equipment already in place at PB not costing them a penny which makes it very economical and profitable and they have the choice of 55 of these mines, 5 of which will be brought on line in 2018. It's the immediate to production and profitability and mine expansions that make it very attractive. What they have ready to go takes many many years and 100's of millions to get to this point. It is in a league of its own with that head start.

[knowing] 06/11/2017 13:29

Not seen a stock bought with such vengeance for a while now.

[x54v] 06/11/2017 12:39

That was someone else's tweet I copied, but yes currently due diligence stage and hoping to announce something by the end of this month.

From what MB says on the video, he sounds hopeful that it will come to pass and it sounds like a very good possibility.

"Hopefully by the end of November we'll be in a position to say yes we've looked at it, two we like it and three we've reached agreement on all the necessary things."

(from 1:35)

[ali_b] 06/11/2017 12:05

X54v I no Mick said it was in process of due diligence but going by that tweet it would sound as if they have done a deal? If so surely an rns shld b announced, just the way I read it...

[x54v] 06/11/2017 11:55

#THR reminder of where £125k cash is going = "new high impact Australian resource opportunities,....in the Pilbara region" The gold rush"

[cool hand kev] 06/11/2017 11:09

Edgein: Thank you, I have not researched THR as yet