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25000 oz @ 2000 gold price = $50m (c. £40m)
40m / 1.282B shares = 3.12p
Good point. I totally forgot about Gervais Heddle connection with THR.
May be GGP might just buy out THR down the road?
Companies House
https://beta.companieshouse.gov.uk/company/05276414/officers
Mister positive how did u calculate 25,000 oz gold = $50m =3p.
I am not good at these calculations. Pls let me know. Regards
Most prob the best gold play after GGP. Look forward to the pennies. 3p for starters. Sp will increase with time.
Cheers and GLA
I meant to say that Gervaise Heddle was a serving director at Thor mining from July 2016 - Dec 2017 before moving to GGP.
Forgot to add that with regards to GGP, Gervaise Heddle was a serving company director at GPP from July 2016 - Dec 2017 and terminated his role to solely concentrate on GGP.
You can find details if you look on the Companies House BETA website, I just tried to copy and paste it on here but my Laptop is not having any of it !
Yep, all looking good again this morning.
Nice follow through (so to speak !).
Could well be another GGP yes, and some.
Momentum building as wider market takes notice of how undervalued THR is.
1p on the cards.
US$50m from just Gold equates to = 3p
Gold from Kapunda could be lot more than 25,000 oz.
Without factoring anything for 119,000 tonnes of Copper
Ignoring the 119,000 Tonnes of Copper for a minute. (Copper price has also recovered strongly).
Just 25,000 oz of Gold @ $2000 = US $50m
Coz Gold extraction cost to THR is ZERO.
Our MCap is £6m ?????
Mister positive Thor does look like a multi bagger from current Sp, looks with even huge tonnage on copper alone way past 2p for starters and onto 5p, 10p etc. This is defo another GGP just on where we are in the history of Thor. I wonder what was the consolidation rate? This alone will give new investors the upside from current Sp. Huge upside from here.
THR has multiple assets like GGP.
If folks research each of THR assets, you would realise how undervalued THR is currently, having multi commodities exposure. Not a one trick pony.
Copper
Gold
Molybdenum
Tungsten
Nickel
Uranium
Vanadium
Lot of hard work already done by THR. With new commodities cycle starting, this is the best time in my opinion to accumulate these at current only 6m MCap.
This to looks set to be a 10-20 bagger from current entry price.
Please DYOR. I done mine and am amazed how significantly undervalued this is currently.
With only 1.2B shares vs 3.8B at GGP, relative upside from currently entry price is huge for THR on any metric in my view.
Yeah many investors are sat on a paper loss due to consolidation but this should hopefully be reversed as assets true value are realised, gold, copper and royalty. I saw thor 5 years ago, didnt get in and saw more and more dilution, waited and got in Friday. I hope to get out once it 5 or 10 bags from current sp as many producers are on delayed time scales. It should be max 2 months for a real upward rerate and more after that. Then I can get back into my past investments which are superb but on a delayed time scale. 2021 should be the best year for profits from mid 2020 going forward. Hoping for the best. GLA
Thanks for the confirmation. I gather that Mick isn't very popular with long-term shareholders but, hopefully, things will turn out for the best this time round.
Enrico Lenigas is not at all involved in Thor, it is Mick Billing.
Thor is the new roaring mouse just like Metal tiger was. Cheers for the full explanation Mr Positive . Hold onto them shares guys/gals we going for a rerate!!
Agree MM
Free carry on Gold is amazing. Been in many gold stocks over last 10 years but never had this unique situation.
So many Gold producers have high AISC costs, some could hardly breakeven when Gold was around $1000. Only big players like Newmont, Barrick, Newcrest, BHP, etc would make a slight profit at $1000 ,mainly from their economies of scale and deposit size.
With Gold price now approaching $2,000 free carry Gold for THR would go straight to their bottom line profit. That alone should be a huge attraction for any Gold major to pounce on THR and just buy them out.
They would get other assets for free.
Has to be fair price though for "Sum of parts" valuation
https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200731-asx-pilbara-au-ni-follow-up-sample-program.pdf
Thor has up to 75% acquisition rights on kapunda copper area. So this should rerate well past 5p by then.
Fully agree with u Mr positive , superb and best YouTube interview , huge Copper upside while we await gold extraction which is free carry. GGP had a few hiccups at start look where they are guys. Upside from here only. Metal tiger rely on copper upside that's what they made money on in Botswana. Zero cost at kapunda copper site for gold extraction thru govt fund. Win win only guys. Should see rerate from current Sp soon.
MMgames,
Yes. That is an excellent interview. 1000 tonnes of Copper and say 100,000 oz of Gold just so far from Kapunda is great....25% to THR.
Love the fact they can extract both Copper n Gold via solvent extraction Or as Copper cathode. Gold extraction cost would be NIL as it would simply get extracted as solution when they extract copper using solvent solution.
Also Mick Billing using Govt cash Grant's for Kapunda costs so we not using our own funds is a huge plus. Hence THR deploying funds to fast track Pilbara Goldfields which is on same gold belt as GGP.
We not even factored in Royalty income from Springfield gold deposit.
From what I know from many years ago when I was in THR was the fact Molyhill led to slow progress coz of market price of Molybdenum took longer to recover. Now that Govt has granted Molyhill a major project status, things could move forward soon as prices recover after COVID-19 effect.
Think Mick is closing to redeeming himself. Market is forward looking and re-rate on future 6-12 months activity. Folks here can criticize Mick as much as they want, makes no difference. It's where he takes THR in next 6-12 months that matter most.
Is Lenigas involved in running this company? I thought there was a link to him but perhaps that was in the past and he's not there anymore. Even a faint whiff of his involvement puts me off.
Businessmen have learnt through their failures.......
https://youtu.be/6yqBhl0Q2Mg
If people go thru above link 19 hours ago they might understand that Copper deposits are 1000 tonnes not ounces. We have 25% of that. So 250 tonnes which will be RNs in October - 2 months from now, can't see Sp any less than in pennies on that RNs. Gold deposits in the copper drilling will be unearthed. This is going to be a very very rich company. I know many don't think Mick is up to full speed due to the consolidation and **** ups in past 5 yrs but the goods are on the table. He doesn't sound enthusiastic, and looks and sounds like Alec Guiness the butler in 'Murder by Death'. Don't go by past failure guys, its a new future now, no ramp just plain truth. This is now the nearest precious metals company time scale low priced to have its Sp appreciated next due to next RNs very soon.