Thor Energy Share Discussion Threads

[edgein] 08/2/2018 08:29

The deacon,

No they're seeking partners for Molyhil currently. MB stated the costs at MH are as low as $100/MTU with tungsten at $300/MTU and the Mo credits its looking like a lucrative asset as the amount mined increases. 7 years is long enough to attract investment and as hinted at the underground resource could be in play at the current price and therefore extend the mine considerably longer than 7 years, perhaps up to 10-12 years. Did you check out the previous presenations that's quite a big ore body that extends deeper and not been jorc'd.

Kapunda is early stage for sure, but look at the copper price. A significant resource there could be a real coup for MB and THR given the small price paid. The more the better as that'll increase the overall recoverable from the in situ. Could become a cash cow really quickly if the trial in situ works. We should have an update on that by Monday when the ASX halt lifts. Lots of speculative buying in the mean time I'd expect.

PM is massive, 12Mt of high grade Wo with lots of copper and zinc, and two of the targets that have been drilled up not even included in that JORC. Financiers pushing for a feasibility study as there's significant pressure on the supply of tungsten outside of China. China produce 80% of the stuff and are talking about restricting exports to the rest of the world 40% demand. No wonder its classed as a critical metal and is of strategic importance to the US. WRES being funded by a US fund for example. PM is a world class asset and with a new partner could be extensively explored and developed over the next few years. Its of material value as it sits now and I cannot wait to see the new JORC to include the new drilling including the 0.89% tungsten hole and the other two discoveries. Gonna be good. In the mean time we await the JV to unleash significant value there.

The lith and conglomerate assets are early stage so hard to put a great deal of value on, but PJ is right these could also develop into a decent % of THR's cap on future development. But its hard to say how much or how little at this stage. If they prove there's gold and or lith in WS it could fly on that given the other assets. Management should continue what they're doing, seek partners to develop and explore both PM, MH and bring on Kapunda too. If they can get some more real bargains out there like Kapunda all the better, MB shows he knows how to get a good deal. So more small ozzie copper and gold would do nicely while we seek others to help with the tungsten developments. Full steam ahead as THR gives birth to a litter of news. First to come will be Kapunda on Monday.

Regards,
Ed.

[the deacon] 08/2/2018 08:23

They along with many others were easy buy and holds at the bottom of the resource market. You can add THR at 0.6p to that list too.

[cf456] 08/2/2018 08:20

Look at how they perfectly timed and multi-bagged the likes of GGP and LION.

[the deacon] 08/2/2018 08:19

I don't hold much faith in Metal Tigers view. Look at their Thailand adventures...

[cf456] 08/2/2018 08:16

Metal Tiger clearly don't see it that way and were chomping at the bit to load up recently.

"We consider the size, potential and scalability of Thor’s key projects to be of significant interest and that the current valuation placed on Thor offers considerable upside potential for investors."

[the deacon] 08/2/2018 08:14

Edgein,Molyhil is too small, very little interest in a potential mine of such short life at these prices. Kapunda a long way from being of real value, and THR would need to sink a lot of money into it to develop. Pilot mountain is the best asset, but again a long, costly way from being worth anything meaningful. The lithium deposit was a Pj special in trying to ramp the next big thing, similarly the others in the stable. THR needs to forget about most of these and focus on one - pilot mountain

[the deacon] 08/2/2018 08:09

The easy money was from 0.6p. This was undervalued then and an easy trade to 3p. Good luck to all trying to make money here now

[edgein] 08/2/2018 08:06

The deacon,

lol PM, Molyhil, Kapunda, plus the currently smaller assets. The several hundred million AU$ of W and Mo at Molyhil perhaps priced in a little (before DFS upgrade). But PM and Kapunda certainly not. Already over $1bn of multiple metals at PM and they could continue to explore that for 5 or 6 years, only scratched the surface. For goodness sake the MTR investment RNS had a 14p VWAP target in it. When you look at all the targets there's plenty of upside here for sure at this low valuation.

Regards,
Ed.

[cudmore] 08/2/2018 08:06

Can’t believe there are sellers 😂😂

Buy what you can before suspension!!!!

[the deacon] 08/2/2018 08:03

Let's see what happens LGW

[edgein] 08/2/2018 08:02

Well that's pretty interesting news, the last time these halted was on the significant result at PM with almost 0.9% tungsten. It would be amazing if Kapunda turned out "larger" than expected especially with the current copper price.

Regards,
Ed.

[cf456] 08/2/2018 08:00

"#THR💥 ASX trading halt regarding their Kapunda resource

#Copper is a HUGE story & with electric vehicles coming into play a BIG way quality resources such as #kapunda will be in HUGE demand.

#Kapunda = COPPER = MULTI national companies will be sniffing around📈

#2018= #THR👌"

[lgw] 08/2/2018 07:59

Lol Deacon do a bit more research mate.

[the deacon] 08/2/2018 07:55

Everyone getting excited about a JORC update. If this was feasibility study or BFS then I'd understand. At a £23m market cap there's a lot built into the THR valuation already imo. Can't see it moving on much from here yet

[britstox] 08/2/2018 07:52

Glad of some news tbh

[leedskier] 08/2/2018 07:43

Trading Halt on the Australian Securities Exchange ("ASX")

Thor Mining Plc advises that its shares have been placed in a trading halt on the ASX, requested by the Company pending the release of an announcement in relation to a resource announcement on the Kapunda copper project in which the Company can earn up to a 45% interest. Thor has been advised that Terramin Australia Limited (ASX:TZN) will shortly be announcing a JORC 2012 inferred resource for that part of the deposit which is amenable to in-situ recovery methods that is larger than the 1992 Mineral Resource Estimate.

The trading halt on the ASX is expected to be lifted at the earlier of an announcement to the market or at commencement of trading on the ASX on 12 February 2018 and a further announcement will be made at that time.

Trading in the Company's ordinary shares will continue on AIM during this period

[jarega85] 08/2/2018 07:32

Yeah, saw his tweet. Well there has been great anticipation and I suppose only time will tell on the reason for the halt. Looking forward to market reaction and news!

[lgw] 08/2/2018 07:31

From this mornings RNS "Thor has been advised that Terramin Australia Limited (ASX:TZN) will shortly be announcing a JORC 2012 inferred resource for that part of the deposit which is amenable to in-situ recovery methods that is larger than the 1992 Mineral Resource Estimate."Too early for me What is being referred to as larger?

[cf456] 08/2/2018 07:26

Trading halts common enough on ASX when price changing news is pending.

Mick Billing has tweeted about the halt.



He only goes out his way to tweet when something is positive for THR, so from that I'd think the news when it is released is likely to be good.

[jarega85] 08/2/2018 07:20

Hmmm, interesting. I have not really had much experience with trading halts but would suspect that the Kapunda news is either fantastic or we have some really bad news coming?Hoping it is positive of course! Is it unusual to request a trading halt?

[shortarm] 08/2/2018 07:12

Larger than 1992 - I'd kinda hope so!

[cudmore] 08/2/2018 06:29

Very interesting!!!!

[edgein] 07/2/2018 13:47

Vish,

True, but western shaw conglomerate I link in with the US lith, more speculative early stage whereas the other assets are much closer to feasibility/commercialization. But who knows over the longer term the conglomerate gold could be the crown jewels. Who knows its not priced in any way when you consider PM and MH, so even if WS is a dud it'll not make much difference.

Regards,
Ed.