Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi, ad
I agree with you on this; and said something similar here on 4th September.
Best wishes
I suspect, and please let me be clear that I have no evidence of this, nor any inside information, and I am certainly not making any allegations, that there were some internal politics within the THR management, that the sale of Pilot Mountain was related to Billings departure.
Whether he gave an ultimatum to leave if the sale went through, or whether there was an internal coup to signal to Billings that he was no-longer wanted, I do not know. It could be coincidence, but I find it very suspicious that Billings departure was announced only a matter of days before the sale was announced.
I'd say the Pilot mountain move was more a statement to shareholders - given everything that is associated with it's previous pump and hinge trail.
As I've written before all they really need is that one big break and it will then be possible for them to facilitate the extraction of some of their other considerable resources without a 100% reliance upon JV tie-ups (basically better terms for whatever.) From that point on it's growth time, simple as that.
I think these projects are going to move ahead quite quickly. We could be extracting gold by the end of the year. The value in the copper project is the ongoing gov grants that is funding the drilling. I expect more to come as the ISM proof of concept (in Aus-already used in the US) develops. Our 30% equity in ECL May skyrocket in value once it is listed. Expectations for Uranium drilling have been dampened by the pushing back if the permitting deadline to December but I reckon this will come off way before then and THR will be a hot topic as the only Uranium drilling in the US, a country that imports all of its Uranium at the moment. The Sprott fund continues to but up supply in an already tight supply situation. After this countries will be keen to hold strategic uranium reserves and push for domestic production where possible.
My only issue with Thor currently is the Pilot Mountain sale to Power. Seems like this has been way undervalued, yes the cash is nice and we will own close to 5% of power but for the ‘largest tungsten deposit in the US’ a total package of around £2m doesn’t seem like much. News on this next month, along with gold, copper and the remaining tungsten project. Hopefully the deal won’t come off but I reckon POW will bite our hand off.
The share price seems to be moving sideways atm, expecting a move strongly upwards after a little consolidation and with news flow. Just wait for the Uranium permit to drop and drill to start before December!
GLA
excellent news for uranium players (i have THR mcap 15m, and AURA mcap 58m) and not many serious uranium players out there in AIM.
Uranium could hit US$80/lb by year-end, says Canaccord
https://www.mining-journal.com/energy-minerals-news/news/1418288/uranium-price-could-hit-ususd80-lb-by-year-end-says-canaccord
I’m on for the Uranium and copper via 30% in ECL but the The Molyhill tungsten project already has a feasibility study…
“fully permitted to start production”
“High grade resource”
It has already demonstrated it is profitable with low operating costs and early payback of capex.
Such a fantastic opportunity here at this MCAP
Imp, good luck with the interview! Yes income is important but having a job you like is too! As things return to normality and I may have to start paying a big wedge of my income (and time) on commuting again so I’m assessing my own options. I could take a pay cut and get more money and time back. It’s no good being stagnant in any case, had enough of that over the past 18 months.
Hi, Bridge
Thanks for the info on this. I am presently rushed off my feet by other matters; job interview today at a secondary school, and after it was over, I asked myself, why have I done this, when I already have a job I like? Answer, £5k a year more, which seems ridiculous, when my shares fluctuate by that amount every five or ten minutes. But income is important, because it allows one to take the long view, and tolerate an onscreen loss, without fussing about it.
Best wishes
Kapunda copper exposure is via our 30% stake in envirocopper which is using low impact subsurface mining techniques which is successful will lead to development and a separate listing. Many mining cos will be interested in effective environmentally friendly extraction. Our 30% could be worth a fair bit, not to mention that the drilling is being funded by gov grants.
Results due in October and should also now see some progress on the gold and uranium fronts following cash raise in August.
With the low mcap and upcoming news I've moved all my resources investments into this one with hopes of a bag or 2.
Great video, apparently there is currently no producing Uranium mines in the US....
Bit more Uranium reasoning. Looking forward to next few months. GLA
https://www.youtube.com/watch?v=tjgO26nQmnE
https://www.mining.com/web/uranium-rally-is-a-high-stakes-bet-on-future-of-nuclear-power/
Thor's Uranium interest in the US mentioned in Stockhead.
https://twitter.com/ThorMining/status/1440874608488599552?s=19
both are hot commodity (alongside lithium) at the moment. Uranium will come, but immediate news will be copper.
look how ARCM risen today , time for THR soon especially considering our mcap is tiny
Great job snooz, always worth asking. I did suspect that it was an extension request by THR. Worth noting that the DRMS meet weekly so once the local permit is sorted this should turn around pretty quickly.
Thanks for the information Snooz very helpful. Whilst the "delay" is frustrating it indicates to me the new management are ensuring it is correct and has best chance to progress which may not have been the case in the past.
DRMS says about the extension:
...I am aware that you saw the Extension Request which we received and approved yesterday. I have been in contact with the Operator and they are currently working on the permitting process through San Miguel County which will be a concurrent permit they need to hold. In order to allow them time to work through that process they have requested and extension to their decision date with our office. They and we are optimistic that this will wrap up sometime in the next 60 days and we can finalize our file and render a decision. I see it unlikely that another extension will be needed beyond the current Decision Date of December 20, 2021.
Hi, Bridge
Thanks for the reply. It's always good to have goodwill between shareholders.
Best wishes
Imp, pretty sure you've made a good move there, at least I hope so for both our sakes. Personally I see this at £50m before xmas.
Slight embarrassment, my post of 15.02 mysteriously disappeared, and then re-appeared. Which means I've posted the same information twice. But let's look on the bright side (see ending of "The Life of Brian"), the share price must now rise, given that I've poured so much money into it. It will, won't it?
Unless there's a general crash in the markets, in which case it won't.
Hi, everyone
I managed to scrape together another £21k to put through in two trades at c. 0. 89 at 14.56 and 14.57. As I may have said before, I think we're lucky to be shareholders here, and all will be well.
Best wishes
I've seen Ragged Range described as a 'gold & nickel project' but also there has been some sizable historic copper production. I expect the surface and near gold is worth focusing on.
Artemis are there for Ragged Range ie. Pilbara gold exploration which is what they do.
I assume most of us here know that already! :)
Hi, everyone
I've done a couple of top-ups at 0.89. The maximum market size seems to about £11k.