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Michael Masterman talks on WRES potential & Tungsten market Watch here

Michael Masterman talks on WRES potential & Tungsten market


Thor Mining Share Chat (THR)



Share Price: 1.175Bid: 1.10Ask: 1.25Change: 0.05 (+4.44%)Riser - Thor Mining
Spread: 0.15Spread as %: 13.64%Open: 1.125High: 1.20Low: 1.09Yesterday’s Close: 1.125


Share Discussion for Thor Mining


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Time2Buy
Posts: 6,739
Off Topic
Opinion:No Opinion
Price:1.20
Sells
Today 13:30
Certainly seem to be drying up now.
 
Cbenford
Posts: 1,363
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.125
Nice
Today 12:29
Blue day coming up :)
djmsecurity
Posts: 30
Off Topic
Opinion:No Opinion
Price:1.25
RE: ţ350m Gross NPV Value
Wed 22:23
Apologies $1 Trillion!
djmsecurity
Posts: 30
Off Topic
Opinion:No Opinion
Price:1.25
RE: ţ350m Gross NPV Value
Wed 22:22
Can't help but wonder how Pilot mountain could ever be an operational Tungsten mine (the only one in America) if Molyhil is "shovel ready" in mining country yet not financially viable to bring online. Trumps $1 Billion infrastructure spending plans may meet some stiff opposition, specially as the debt ceiling issue is about to come to the fore.
euclid55
Posts: 972
Premium Chat Member
Research
Opinion:Strong Buy
Price:1.25
ţ350m Gross NPV Value
Wed 21:50
Thor Mining - Gross NPV of just Tung in ground value

1 MTU = 10kgs (1% of a metric tonne
100 Mtu = 1 Tonne
$200 Mtu x 100 = $20,000 per tonne for Tungsten

21,000 x $20k = $420m
$420m div 1.20 fx rate = £350m

£350m / 373 shs = 94p Gross value excluding Extraction costs

Contained metal (t) 21,000 (Table 1: Pilot Mountain Resource Summary 2014 (JORC 2012), announced 10 June 2014. 100% owned by Thor Mining Plc)

http://www.investegate.co.uk/thor-mining-plc/rns/commencement-of-drilling--pilot-mountain---nevada/201703010723551705Y/
Strider4
Posts: 766
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (2)
RE: Down
Wed 20:32
Got to say you're a bit like a broken record with your negative "placing" comments. I think we've all understood what you want to say by now.

There's still plenty of cash in the bank. Recent drill costs were very light and it's been less than a couple of months since they had the injection. Yes, at some point they will have to do a placing (EVERY exploration company does!). But it is not imminent as you would like to paint.

I wonder about your agenda here. Are you a shareholder or would you like to see the price lower so that you can buy in and profit more?
john0011
Posts: 90
Off Topic
Opinion:No Opinion
Price:1.125
Results due
Wed 15:57
With assay results imminent couldn't resist, bought 405k of these beauties at this price ..............
bsg4
Posts: 94
Off Topic
Opinion:No Opinion
Price:1.15
RE: Down
Wed 09:38
How are the going to fund it all. With their propensity for placings, my guess is a placing. that's the worry. Admittedly, that's the worry with any AIM miner. Mick said the company could be mid cap one day, but the dilution would mean us PI's would not make much.
LewisXT
Posts: 158
Off Topic
Opinion:No Opinion
Price:1.15
RE: Down
Wed 09:18
yes... I hope that it can at least become stable. Pilot Mountain results should be very good. But if you've dropped c.40%, then you'll need a c.60% rise on news to just get back to where you were.

I like this share, but I don't get what's driving an already low MC even lower.
bsg4
Posts: 94
Off Topic
Opinion:No Opinion
Price:1.15
RE: Down
Wed 09:16
Under 1p soon IMO.




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