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Thor Mining Share Chat (THR)



Share Price: 0.0301Bid: 0.0251Ask: 0.035Change: 0.00 (0.00%)No Movement on Thor Mining
Spread: 0.0099Spread as %: 39.44%Open: 0.0301High: 0.0301Low: 0.0301Yesterday’s Close: 0.0301


Share Discussion for Thor Mining


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millsm
Posts: 3,217
Off Topic
Opinion:No Opinion
Price:0.0301
News
Fri 16:16
Thor Mining's projects could lead to gold and tungsten mineralisation
Fri, 29th Jul 2016 13:53
(ShareCast News) - Australia's Thor Mining plans to drill near its Molyhil mine in the Northern Territory, which could lead to tungsten mineralisation, in one of many new projects for the AIM-listed company.

The company plans to drill adjacent to the Molyhil mine in the Northern Territory in Australia to test for tungsten at a cost of about $48,m. About $10m will be used for equipment, which equipment or leasing finance could be secured. This will reduce the cost to below $40m.

The company said there are ongoing discussions to secure finance and for balance of concentrate production off-take for the Molyhil project.

Executive chairman Mick Billing said: "Scheduling a drilling program to test magnetic anomalies very close to Molyhil may, if successful, eventually lead to the delineation of additions to the Molyhil mining inventory.

"The objective is to extend the operating life of the project, but also to provide the opportunity to reduce operating costs via increased production.

"The initial drill programme is designed to, at a modest cost, drill just below the alluvial cover, into bedrock and test material for tungsten mineralisation. If successful, further deeper drilling into that mineralisation will be required."

Seasonal factory shutdowns, in the northern hemisphere this summer resulted in commodity prices losing part of their recent gains, as demand contracted temporarily. Industry commentators predicted that price will strengthen, particularly for tungsten, in the medium term.

The company's other tungsten mine in Pilot Mountain in Nevada, US, is pending funds for exploration. Planning began for the exploration phase on deposits with previous multiple mineralised intersections.

The Dundas gold mine project in Western Australia had exploration targets identified but other projects which were prioritised prevented progress in exploration activities.

Thor Mining, during the first quarter ended 30 June, also raised £300,000 from investors.

Shares in Thor Mining were up 8.99% to 0.0327% at 1449 BST.
 
millsm
Posts: 3,217
Off Topic
Opinion:No Opinion
Price:0.0301
Good Day To Buy!
Fri 11:48
With the dip its not going to get any cheaper ........ GLA
faze1
Posts: 2,936
Off Topic
Opinion:No Opinion
Price:0.0301
got
Fri 10:49
my final 1 mill top up in here this morning on the dip now holding 25 mill think well see a nice move up
BigEvi
Posts: 126
Off Topic
Opinion:Strong Buy
Price:0.0301
RNS-quarterly report
Fri 08:03
Highlights

TUNGSTEN & MOLYBDENUM - Core projects now free of debt

Molyhil NT

· Assessment of drill targets adjacent to Molyhil

Pilot Mountain, Nevada USA

· Exploration scheduled pending availability of funds

Outlook for September Quarter 2016

· Proposal to drill test tungsten targets adjacent to Molyhil

· Continuing discussions to secure project finance for the Molyhil project

· Ongoing discussions for balance of concentrate production off-take at Molyhil

· At Pilot Mountain, planning has begun for exploration phase on deposits with previous multiple mineralised intersections

New Projects

The Company has during much of 2016 conducted assessments of new project opportunities. The review process has identified several which have potential for near term development with attractive capital and operating cost structures, and these are being investigated and evaluated further.
scyther
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:0.033
RE: 0.04p should go quickly
Thu 11:45
Seems we have a supply of cheap stock today lets see whether our late birthday yer turns up again today.
millsm
Posts: 3,217
Off Topic
Opinion:No Opinion
Price:0.0355
0.04p should go quickly
Thu 07:36
Its looking to gap up now, won't hang around this morning IMO
scyther
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:0.0355
RE: Nice
Wed 23:33
We should attack 0.04 tomorrow properly
Brucebanner
Posts: 169
Off Topic
Opinion:No Opinion
Price:0.0355
Nice
Wed 17:52
36 mil buy to finish the day.
BigEvi
Posts: 126
Off Topic
Opinion:Strong Buy
Price:0.0353
Mr Gervaise Heddle
Wed 09:01
Will get this moving -
Troajan
Posts: 23,116
Off Topic
Opinion:No Opinion
Price:0.0353
re any theories
Wed 08:43
apples or helium?




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