Thor Energy Share Discussion Threads

[bionictwat] 16/1/2018 08:25

Another pj special pile of pooo

[edgein] 16/1/2018 07:55

Looks like another good investment by MB. That fund raise by US lith is at x3 what mick paid for that 21% approx. The ASX listing will make it easy for mick to sell those off in the future once they get assays in on the existing and potentially new licence area. Good work mick, hopefully the new listing will be around the A$0.12 like this funding.

Regards,
Ed.

[ksddw2] 16/1/2018 07:26

News out regarding US Lithium on the ASX

[tidy 2] 15/1/2018 20:49

Same MO.... MTR pulled off with scammer PJ in GGP. AVOID AND RUN DONT FEED THE SCUMMY RATS. He's goose is cooked.

[jungmana] 15/1/2018 17:09

Said a few days ago that MTR might be selling. Will be in the open soon

[paleje] 15/1/2018 16:16

Think you might be right about some knock-on from GGP, Vish.

But they went up on thin air, it's not quite the same here. Lot of panic selling. If you weigh up our assets, near term production prospect, prices Mick and PJ have paid (PJ up to 1.8p), options granted only a few weeks ago to new director 4.6p from memory but only after 3 weeks min at 6p, against GGP's it's like chalk and cheese.

I agree MB needs to give specific news and 'do stuff' not just say stuff but he knows it too and has said as much. Can't do it all at once.

[vish65] 15/1/2018 15:05

Interesting with GGP. I always thought Thor were clinging on the coat tails (sentiment) of GGP having some common connections - Asx/GH/PJ/warrants/ Pilbara/deals imminent/£50m mkt cap/ramping etc.. and now the wheels have come off to some extent and a lot of burnt fingers.(Not for those who converted cheap warrants of course) Will the market reassess its risks and valuations to be placed on these asx minnows , at least in the short term ? In the long term nothing has changed for Thor but they need to close out deals with signed contracts that will lead to cash generation / cash inflow if the market is to take notice, IMV.

Interesting also I notice Mr Johnson has stopped posting his ramptastic tweets of what shares we need to buy as he's expecting fireworks. Has teacher given him a slap on the wrist, naughty boy.

[edgein] 15/1/2018 15:04

Pale,

Same here fella, hopefully not too much longer until they're fully funded, should be fireworks that day if they sign it off.

Well its the life of mine that was slowing things down, THR are now sitting on quite a cash pile and Moly is shallow drilling just below the pit level. I'd be surprised if 3 holes cost more than a couple of hundred $k if even that for ozzie. Therefore extend the pit life to more than 10 years and get the development jv signed off. If he can get it signed off on the new upcoming DFS all the better.

Regards,
Ed.

[paleje] 15/1/2018 10:11

I'm in WRES too Ed, maybe not for too much longer but yes a similar deal would suit.

As for Moli, Mick did say in one of his interviews last week they they intend to get the open cut up and running then drill for the underground data they need while they're already on site, cheaper and more convenient that way. I gathered from that that he must have done soundings, otherwise he'd want the drilling done asap to boost interest. Positive talk from Mick, the market missed or ignored it.

[edgein] 15/1/2018 09:35

Pale,

Agreed, likely some +ve improvements in the economics due to the sorter etc and better recovery. What's more positive is if they can commercialise and drill the underground resource as that could increase mine life substantially as there's quite a bit modeled below the pits that's not firmed into the resource. If they can get cash cost per MTU below $100 that would be very healthy too. If they can start to bring the underground resource into play from the revised DFS then it changes things quite a bit. A few more holes could firm that up nicely (see previous presentations). But as you say, a standalone pit with 7 years production and low cash cost per MTU is attractive as it stands now. If there's a tungsten squeeze to come I'd be surprised if its not JV'd or bought out. If China clamp down hard on tungsten exports it'll help THR greatly. Perhaps Mick could seek funding from the US just like WRES are doing right now.

Regards,
Ed.

[paleje] 13/1/2018 10:56

From Dec 2014 but the numbers have improved since then, not least the price of tungsten. Sentiment toward the resource sector is better too. A 44% IRR was already attractive, what's the update in a few weeks going to reveal, imo from the news we've had it's going to be better.

Study Highlights
• Project payback period of 18 months after payment of royalties and taxation
• All equity Net Present Value (NPV) of A$67 million with an Internal Rate of Return (IRR)
of 44%, after taxation & royalty payments.
• EBITDA of A$201 million
• Cash production cost of US$112/mtu concentrate compared with revenue of US$358/mtu
• Capital expenditure (CAPEX) of A$70 million (US$56 million)
• Six year mine life
• Simple open cut mining operation followed by standard mineral processing techniques
• Operation substantially permitted

httwww.thormining.com/-/thor/lib/docs/aimreport/20150112%20RNS%20-%20Molyhil%20feasibility.pdf

[abrahe00] 13/1/2018 07:04

I seem to recall reading somewhere a figure of $40m to bring Mollyhill into production. I'll try to find the source and post it here...

[noirua] 12/1/2018 17:41

Yes, Thor are cashed up for the next year ahead but how much will it cost to develop the Tungsten / Molybdenum mine, that is a question the market is asking. Fine if a JV is drawn up where the other party buys in for a stake by putting up the cost to development. This is not meant to pour ice cold water on this good discovery, just a cash reality check. Also, are there any Aboriginal mining rights to be agreed as they can take quite some time.

Having followed the development of very many mines in Australia time can drag on. Sheffield Resources ASX:SFX, in mineral sands, is a miner that knows all about how long it can take to reach development and costs involved.

It's fine if a director or investor gets in at green seed capital level. High risk though directors get in at level1 and anyone with A$20K to A$100K, for instance, to risk, gets in at level2. If it works out fine you get 5 shares for 10c when it floats at 10c a share or higher - some directors get as high as 20 shares plus warrants.

On the Pilbara region there is a lot of talk down under that this has been over ramped. On Twitter directors of companies and entrepreneurs are pushing the Pilbara virtues. De Grey Mining ASX:DEG is a different matter though its shares have more than halved in value from highs.

[60000 muppets] 12/1/2018 16:34

218-223 is the true spread

[edgein] 12/1/2018 15:08

Interesting posts guys. China clamping down on exports will put a major squeeze on supply. Just what THR would need to get Molyhil and PM on the road. A JV for Molyhil would be a game changer as that would most likely see development and further expo of the licences that THR have there. If they can drill and firm up the reserves for the underground mine with a few more holes that could extend the mine life considerably.

Regards,
Ed.

[paleje] 12/1/2018 14:51

Don't think so Noirura.

*PJ has bought up to 1.55p on market and isn't selling any, he's made that crystal clear on his twitter feed over the last few days.
*MTR have got cash, why sell at this level.
*Nearest mine development for Thor would be Molyhil which could be as early as this year but costs are gong to be good and will most likely be a jv.

[noirua] 12/1/2018 12:20

Probably moving back on future mine development costs and the fact that MTR also need cash to develop their mines. Director Paul Johnson bought below 1p and that was a good call.

[cudmore] 12/1/2018 11:59

AERO looks ready to blow!

[jarega85] 12/1/2018 11:51

Not able to top up online

[paleje] 12/1/2018 09:36

I should think others would fill the gap, Vish, but yes it demonstrates how the US could be vulnerable. Self sufficiency the way ahead!

Shenanigans over now I wonder, yesterday was a good time to buy imo.

[vish65] 11/1/2018 17:17

Export licence denied !

Should get the Amercians worrying further and add to Thors bargaining position

hxxps://www.metalbulletin.com/Article/3779214/Latest-news/Chinas-leading-tungsten-exporter-fails-to-secure-export-license-for-2018-2019.html


We are China’s largest manufacturer and exporter of ammonium paratungstate, tungsten oxide, tungsten powder, and tungsten carbide powder; and our export volume of cemented alloys accounts for 31% that of China; and the output and sales volume of tungsten and molybdenum wires occupy over 60% that of the whole country

[paleje] 11/1/2018 13:43

Yes true they've been shuffling stuff around, don't think they're short of cash though.

[jungmana] 11/1/2018 12:12

They recently sold out of Lion. Looks like they liquidating some positions hence my guess.