Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thor about to commence drilling on Uranium / Vanadium deposit in US .
Quit the bull**** ramping Mr P . Its quite clearly as stated not till May dependent on permits.
@Gkb
Thor about to commence drilling on Uranium / Vanadium deposit in USA.
Pilot Mountain is drill ready (if I remember correctly). They looking for JV partner to come on board. For Molyhill (Aus) same, waiting for JV partner. If I remember correctly they had someone interested a year ago but Tungsten prices at the time were low. Fast forward 12 months and all Deposits look extremely attractive in a buoyant market, to get even hotter. Bigger players getting on board now to ride the next Commodities Super Cycle.
Soon you will start calling Mick Billing......to coin your own phrase...."Mick Drilling".....LoL
as they drill the helll out of these very valuable Commodities, hopefully very soon.
you should get your wish fulfilled soon imo.
Stay tuned.
@gkb47 Totally agreed but I hope he is verified and I recover my huge loses here and to be fair somebody can and must change his/her opinion if the underlying facts change
By the way Orion writes on Hot Copper BB also, as Black Cat
Gkb
I know Orion at the time was more focused on just Gold as we know last summer Pilbara was on fire when Gold approached $2100. Thats fine mate. We all make adjustments. Ragged Range is still there. Action there to pick up soon also.
Some guys then started chasing Copper only stocks / names, etc.
I said at that time, THR has build a nice diverse Commodities asset portfolio, which would return Massive value soon as the Commodities Bull market kicks in. THR is well on its way now with ALL key Commodities that are going to go up even further in demand. THR for me is "one stock" to get Upside exposure from Multiple Commodities.
Exposure to US institutions and investors with "near perfect" timing of OTC listing in the US is another superb strategic move by THR and brings it another step closer to attracting some big US players to come on board both Tungsten and Uranium assets in the USA.
Orion
Again Excellent input. You on fire mate ;-)
Both Molyhill and Pilot Mountain should become extremely profitable with strength in Tungsten prices seen recently, with next to nothing priced in current THR share price.
PILOT MOUNTAIN would be snapped up by a US player. So would the URANIUM / VANADIUM deposits in my view.
Interesting timing by B.RILEY Investment Bank to get THR listed in the USA....Hmmm
I was an early investor in $KIS (5c) which has now run to 30c and $104m market cap while yet to secure the remaining funding, although imminent.
While King Island is the highest grade Tungsten mine in the world, the Moly Hill grade is nothing to scoff at, especially when the Molybednum credits are factored in.
The project already has major project status by the NT government. With the new $1.3bn critical minerals fund (where KIS is expected to get 15-20m grant), I see no reason why the same cannot be obtained for Moly Hill. The fund was designed to develop critical minerals projects (of which Tungsten is considered one) in regional/remote areas. Moly Hill will be an excellent job provider for the Alice Springs region.
The Moly Hill Project advanced with DFS completed in 2018 and is low capex (US $43m) with a 12 month development period. Tungsten price is showing incredibly strength at US $460/mtu. The Opex for Moly Hill is US $90/mtu. The DFS project economics from 2018 will have vastly improved at current Tungsten prices.
Pay close attention to the commentary in the half-year accounts and the quarterly. Tungsten has always been Mick Billing's first love and now is the optimal time to see Moly Hill progressed into development and Pilot Mountain funded, which is the largest US Tungsten resource (there are currently no Tungsten mines in the United States).
Tungsten is critical in the manufacturing of protective armour for tanks and combat vehicles in addition to armour-piercing munitions. The United States military cannot depend on China for Tungsten supply nor can NATO affiliated countries.
KIS recently attracted investment from elite European bankers, Swiss/Liechtenstein loyalty, the same can occur for Thor.
THR is well below radar. hopefully that will gradually change soon.
120m Mcap would be very nice indeed. All in good time.
May be they giving us a hint of whats to come ;-)
The mcap has been a running joke for years.
Dyor, but should be multiples of what it is.
Happily holding.
The US has it down as an over 120 million MC !
lol, if only, but in time.
https://www.otcmarkets.com/stock/THORF/profile
up 23% on asx
Good morning folks. Would anyone care to hazard a guess when we might see activity in the shares in the US. I think this could be a very shrewd move for Thor, but I have no idea really what to expect or when.
BSG4, have multiple resources , is that bad ? I am not sure why even I am responding to you.
Hoopy
Could see 2.6 and probably more in Q2.
Activity picking up on all projects. All commodities THR got going up in value.
US listing is very significant. You will see what I mean in coming days.
Sub 1p is a steal in my view.
only £15m Mcap ???
Still moving up 0.925 now. Might hit 1p today :)
if you need 2.6p to break even you have to ask yourself why you haven't yet chosen to average down. My estimate would be that we will be at 2.6p within the next 12 months but why wait so long just to break even when you could average down and actually make some profit?..... Each to their own I guess.
'We aim to quickly and inexpensively see if there is mineralisation which may require further investigation'.
When have Thor ever done anything quickly?
I need 2.6p to break even.Any estimates when that may be realistic ?
H
Momentum can bring huge gains.
THR on last run went from 80 to 140 pretty quick
Why do they spread themselves so thinly, why not concentrate on one resource? This will just bring the next raise all that closer.
Got some more. This should be over 1p.
Perfect timing yesterday for US listing also.
Would be nice to see back to 1P+ before further news.
to wind the SP up today. Explorers are the flavour of the month - just hope the enthusiasm lasts long enough for me to take a profit.