Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good to get the badly received news out the way yesterday. Now let the games commence.
caesium could be a game changer
https://www.newswire.ca/news-releases/power-metals-to-focus-on-its-high-grade-cesium-discovery-897525535.html
I think one of the mines in Canada its roof is collapsing, https://www.theglobeandmail.com/opinion/article-down-to-rare-earth-canada-ignores-chinas-resource-power-grab-at-its/
This link should work:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02479102-2A1352862?access_token=83ff96335c2d45a094df02a206a39ff4
Always nice to see the phrase "World Class" in an RNS... :-)
GLA
.... with more than a nod to Orion / Ken!
Just seen this on Hotcopper 1 minute ago....
Release Date: 27/01/22 08:18
Summary: Lithium Targets and Exploration Program, Ragged Range WA
Price Sensitive: Yes
The announcement content will be available in 16 minutes at 08:38
After a little research on these sulphides (For industrial purposes, sphalerite is used in galvanized iron, brass and batteries. Sphalerite is a zinc sulphide mineral that is quite rare in gem quality.) (Chalcopyrite is as an ore of copper, but this single use should not be understated. Chalcopyrite has been the primary ore of copper since smelting began over five thousand years ago. Some chalcopyrite ores contain significant amounts of zinc substituting for iron.) Interestingly this mix is like the crystals from Huanzala Mine, Peru. https://www.fossilera.com/minerals/3-4-chalcopyrite-pyrite-sphalerite-and-quartz-association-peru.
Think people need to re-read the rns, as think this has got lost in the initial reaction. Not saying it's a great rns & pretty peeved with way it had been handled, but this quote may be, well significant.
"Significant sulphides (pyrite, chalcopyrite, sphalerite), quartz veining and sericite-pyrite-fuchsite alteration identified, characteristic of gold mineralisation in the East Pilbara Craton."
If this hits 5p to 8p come 2025 (inflation adjusted) Im happy with that, I'm hoping that the Alford and Molyhill projects can do that.
I'm discounting the Uranium plays as speculative moose pastures unless the drill results prove otherwise but we are a long way away from that.
Agree but there was lot of hype at some point for Metals , and missed to take small Loss, rather getting is this situation.
“ They haven't done anything for the past 20 years except issue shares , pay themselves and drill. Nicole has been well trained by Billing.”
I had to chuckle there, but come on. One drilling campaign which was not fully complete due to circumstances beyond her control and you are crying out. Progress was made in identifying hot spots or not in this case. Let’s give Nicole the three to five years she deserves with recognition to the ‘pandemic’ restrictions she is working under.
Hi, Paul @11.41
The "board and management" section of the website has been updated, to show Potter as the non-executive chairman; but, as you say, the "contact" section has not. I will send them a message about this.
On your substantive point in para 1, yes, I agree. Potter ran a successful hedge fund, and is chief investment officer of Metal Tiger. He will arrange any joint ventures, etc; while Nicole does the geology.
Ah I see as of RNS 7 December 2021 we are awaiting results in first quarter.
But since there is civil strife Down Under, it is fair to say it is a longer waiting game and what is to say the drilling was competently done under the conditions of the 'pandemic'.
I thought Mark Potter had some role in that side of things.
Mind you the site has not been updated yet
https://www.thormining.com/contact-us
Corporate Directory
Directors
Michael Robert Billing (Executive Chairman)
Mark Potter (Non-executive Director)
Mark McGeough (Non-executive Director)
But then again what can he do until all the drilling has been completed at Ragged Range.
However Molyhill, what is going on there to move the project forward?
https://www.thormining.com/projects/molyhil-tungsten-molybdenum
Why have you invested that amount in one share?
Say if you had £40000 in a SIPP to invest more than £2000 in anyone share is suicide.
I am in a similar boat and did the silly thing and went in to nearly 10% but I will sit this out for another five years, it is just the opportunity cost of being invested elsewhere.
Its at times like this I flip to the invert scale function on my chart. Doesn't change anything, but oh boy it makes me feel better for a split second .
Nicole sounds like a cracking geologist. No issues there. This role however is a step up for her and I'm dont think she yet has enough experience in broader strategic and bod issues. Hence she is still MD. The problem is the bod is too weak and lacks experience in the deal making / commodities arena.
Well my 40K is now down to around 10K, so simply I can not sell them at such a loss, so holding is the only option. I am so annoyed that we were blaming Mike but with new lady luck it has gone more than what it was when Mike was in Charge.
To me it seems that mick billing legacy continues. Sale of pilot mountain, changeing terms of sale, delays, destroying share holder value. Personally I think that before investing i need to do much more due diligence on the ceo. Does Nicole have a good track record in exploring for metals? Someone enlightene me course I am not sure.
LOL ... "As I have stated previously, it would have been far more cost effective if the BOD had done nothing the last twelve months."
They haven't done anything for the past 20 years except issue shares , pay themselves and drill. Nicole has been well trained by Billing.
Talking to myself here:
> But sounds like everyone (including me) has maxxed out the amount they are willing to own of THR
I suppose the point I missed when writing this is, if the company looked in better shape then I would be willing to own more of it.
>Nicola is lying about progress being made here. No progress has been made. We already know they delayed the permit decision (on request from THR) until 18 March at the very earliest. Oh dear.
The progress with Colorado DRMS is visible on-line at https://dnrweblink.state.co.us/drms/search.aspx?dbid=0&cr=1 (search P2021008) - DRMS wants to see docs about access rights - there is some permitting work happening with San Miguel county that we don't have visibility of - the outcome of that will provide the proof of access rights for DRMS.
So, if we want to give benefit of the doubt, then we are to believe that progress is being made with San Miguel, which we can't see.
Every other board has chatter about people averaging down while the market has fallen. But sounds like everyone (including me) has maxxed out the amount they are willing to own of THR - no one tempted to average down (double up) at these levels?
"Its a second rate BOD who have not really delivered anything in a year"
They are struggling to get food onto the shelves down under and there are mass protests against the mandatory jab and participation passports.
As I have stated previously, it would have been far more cost effective if the BOD had done nothing the last twelve months.
Nicola is lying about progress being made here. No progress has been made. We already know they delayed the permit decision (on request from THR) until 18 March at the very earliest. Oh dear.