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Fair point. But it still looks good on the balance sheet /lol.
So £1.5 BILLION just on these areas of copper + residual gold. Correct me if I'm wrong but at current prices just the estimated residual gold for these areas is estimated at 71,000 Ounces so times that by current price of £1,355.82/Ounce and we have £96,205,000. So yeah that should cover the cost of extracting the copper which at current price is around £1,404,785,534 for 177,000 tonnes! Now why is the SP so low?
This was a decent first resource at Alford East. Copper is going to be incredibly important in the coming years and whilst the grades look low in conventional mining terms, the capex and opex needed for ISR recovery are materially lower so the project should deliver favourable economics (especially in a strong macro environment for the metal). Overall looks like a good result
Situ recovery no mining overheads .
At present, the global average copper ore grades for copper mines is approximately 0.62% of Cu content. Well above what THR have here.
Really tetchy people on this board. Used to be a good board
multiple buys going through as sells.they are not even trying to hide them. cat out of the bag?
Enlighten who is not trying to hide it?
the buy was no where near the mid price. try again
That’s right quite often buys can show as sells. It’s not MM manipulation as some would say it’s just the lse computer think g they are sells due to them being so close to mid price
Anyone get the link in the RNS to work?
www.thormining.com/sites/thormining/media/maps/21-001-4-ae-mre---location.jpg
for me displays an error...
If the trade priced below mid it goes in the sell column
Long term this is a no brainier, easy money to be made here.
multiple buys going through as sells.they are not even trying to hide them. cat out of the bag?
i agree. i think this is worth a punt. im hoping for another Greatland Gold lol.
Your the man joey bought at 0.20 hindsight is a great thing haha
How long will it take for this remarkable news to sink in?
This is no 7 day wonder.
THR exploration licences are in stable jurisdictions.
IMO this fact is of equal importance. GLA
Yeah all looking good here still. Nice rns, shame about some of the posters ruining this board
what a time to have shares in a miner that has made a copper discovery. that's all im saying. come on!
All looking good, no dramas here !
Onwards and upwards team.
More, at best average results. This isn't going to 'fly' any time soon.
i was a poster on here during the 0.10/20 days and there was certainly,no joey's on here(he turned up on the 1p+ highs)
bsg was tho.
gla
That’s a good RNS.
Time to fly :-)