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RoronoaZoro121,
50m MCap would be about 4p.
This should be sitting lot higher than 7m Mcap...imo.
Should be closer to £50m MCap even at this stage.
Sum of Parts valuation....by adding value for each asset could be lot higher.
Could very well follow GGP trajectory as they too were stuck around 0.5-0.60 range before breaking out past 1p and 2p followed quick once 1p was cracked.
bt - your just ramping for obvious reasons. So what!
Trying to work out targets but not an expert in mining companies, what would be a reasonable share price for this company based on current copper and nickel and uranium found?
Baggy,
Company is fully funded as per their last RNS. Company already raised funds in June for the projects. On top of this company would receive A$1.0m from Spronghill Gold royalties.
Also Kapunda Gold & Copper deposit being funded from AUS Govt cash grant.
For USA projects company is in ongoing talks with Strategic partners to come on board as per RNS.
Probably will do a lot better than ECR .. IF.. they can arrange finance. That is the only thing holding us back here. The royalty deal won't get THR past December if they end up taking the uranium option by then in the US. There are multiple catalysts that could/should come into play here... its just a question of when... I'm positive on THR though despite maybe having a more balanced view. I think everyone can safely ignore BSG on here. Just deramping for obvious reasons. GLA
ECR went from 0.50 in March to 2.35p in July.
THR could do better in my view.
This should Zoom higher in coming days n weeks. Lot of activity lined up at both Kapunda & Pilbara.
Visible Gold from multiple locations at Pilbara is going to keep THR busy with lot of follow up drilling, while EnviroCopper are busy at Kapunda Copper & Gold deposit.
This price would be history in coming months while both Copper & Gold prices gain further traction.
I know I keep referring to low £7m MCap....that would change soon as the company gets busy at Pilbara.
Gold from Kapunda would be extracted at ZERO cost.
at Pilbara. Assays due shortly.
MCap £7m way too low vs peers.
I’ll say it - thanks for the explanation, I found it helpful (even if no one else did!)
Gonna have to sell a bit more if you really want to drive that SP down chaps... LOL
Mick's the man he'll make us all wealthy
I think 7M is quite enough for Mick's lifestyle vehicle.
There seems a disconnect between value of all THR assets vs current only £7m MCap. That could change soon, as the whole commodities value curve moves higher.
Waiting for Gold assays. They have not started the drilling. Once they commence drilling we should get an estimate of how big and deep this Gold deposit might be.
But with visible Gold mineralisation from multiple locations as per earlier RNS gives a good indication of what comes next.
Got to hope the Gold assays are really good; The Nickel results won't cut it much with investors. Hopefully some buyers come in on anticipation of the gold results and push us near 1p before the gold results and then we can breach that 1p and stay there with future increases on more news.
I wonder if some people here are being a bit rosy-tinted.
With quoted spread at .56 / .58
MMs are offering shares for .5635 but are refusing to bid (except for ridiculously small amounts such that they are obliged to bid, in which case their bid is .5615)
Based on that, it looks as though MMs are already awash with this share and do not want more.
The overhang from last placing is holding the price down, mm are just moving the spread back a forward to get rid of surplus shares.
You're right, very muted response to a decent RNS imo. Just dipped my toe here with a 700k investment. Looks like a pretty news rich period coming up to keep things interesting here...
given the great news, the fact that the market in minerals is now starting to ramp up with manufacturing and other industries turning the lights back on, this share should be alot higher already, and with the good news today.
can see the MM buy as much as possible and holding while at this very cheap price.
at this price a great share to buy some of and sit on while working on other things.
Definitely an error with buys and sells also look how positive that RNS was, still expecting good gold results!
Think MMs trying to collect on the cheap before the crowd comes in ahead of Gold assays.
Using a wide spread, so system records Buy as Sell when its executed below mid price.
Why is my buy showing as a sell. Think there are lots of others..
Gold assays to follow.
THR current MCAP at £7m only?.....cheapest given the quality of assets it has acquired over last 10 years. Time to reap the rewards now as new commodities Bull cycle kicks in.
Even at 4p...MCap would only be £51m.
Claire,
Excellent summary.
With commodities new Bull cycle just starting, THR with its multi-commodities assets in prime position to gain.
At £7m MCAP.....this is ridiculously cheap...free money.