George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Big wedge of cash and shares for thor, its definately a good news day.
This is the second piece of good news today. I'm still taking it in.
https://www.londonstockexchange.com/news-article/THR/sale-option-pilot-mountain-project/15117135
we are selling pilot mountain.
and still managed to buy at a great price ...
A nice RNS with the grades today. The MM’s really don’t help this share with the spread around 14/15%. Ridiculous!
Revenue is King not placings unfortunately. Same old hamster-wheel here.
72 metres at 1% cu....is bludi good
typos
*Double. Sorry for typoes just woken up and on phone.
It was alm9st doable last year. Sellung an asset is not revenue either. Its close for an exploration company and might lead to royalties.
The in situ recovery is intriguing but when its 6m from surface must bd tempted just to dig it up.
Looks like a large resource increase anyway. 13m mcap is tiny for what they have here.
Can only double if sold-on,,,,,"Revenue"
It's a great copper hit! Share price should double?!
Encouraging High Grade Copper & Gold
Project highlights:
? An exceptional high grade copper intercept over a wide interval:
21AED005 72.7m @ 1.0% Cu and 0.19g/t Au from 6.3m, including
18.2m @ 2.0% Cu and 0.34g/t Au from 15.8m
? As announced last week, other significant copper-gold intercepts include:
21AED001 32.9m @ 0.4% Cu and 0.31g/t Au from 81.5m, and
5m @ 0.5% Cu and 1.02g/t Au from 102m (previously reported
THR:ASX Announcement 25 August 2021)
21AED002 59.9m @ 0.31% Cu from 21.9m (previously reported THR:ASX
Announcement 25 August 2021)
? Significant pXRF copper readings (to be confirmed by laboratory assays) including:
21AED004 50m @ 0.45% Cu from 6m (pXRF) (Previously reported THR:ASX
Announcement 25 August 2021)
? Remaining assays expected over the coming weeks.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“The newly discovered broad zone of high copper and gold grades from near surface in
21AED005, combined with the significant intercepts in 21AED001 and 21AED002 takes
this oxide mineralised system to a new level, reporting values well above the Mineral
Resource Estimate grades.
The confirmed uplift in copper and gold grades along the controlling NNE structure
continues to excite and exceed Thor’s expectations. We look forward to testing this
structure in areas open along strike, to the north and south.
Pump testing scheduled for start of September will further advance the In-Situ Recovery
(ISR) ‘proof of concept’ hydrometallurgical assessment.
Exciting times ahead as we await final assay results from this drilling campaign and
commence the ISR for copper and gold baseline studies.”
Nice to see Nicole updating her twitter page, couple of in the field clips. IMO a lot of hard work going on.
Nice to see uranium up c.10%
Ragged range was the biggest interest to me. Seems a bit slow going but maybe the covid delays etc.
Alford in-situ is fascinating to follow and the copper grades were good for most projects. Nice bit of gold.
The American projects I think we are right some sort of part sale, or JV would be good. The uranium most likely but its a massive tungsten resource too.
Steady progress here, doing most of the right things. I probably like the Ragged because a sudden hit would do the most to light the touch paper.
Latest interview in Mining Weekly https://twitter.com/ThorMining/status/1430681460315496451?s=19
Good old reliable THR, static as always.
That happened on Abingdon and it held the share back until the spread reduced around lunch time.
Big spreads kill interest.
nm
What's that spread about? 15%. They obvs don't want buyers at the moment. Does anyone understand this MM move? Thx.
Great timing with Jackson hole starting tomorrow.
and more updates to come
stil clearing some sellers from recent placing, then we can off above 1p
september will also get news on uranium
Look forward to seeing the impact after assays on the resource estimation, but I have to say its looking good for on-situ recovery. I had to remind myself what a lixiviant was: a liquid medium used in hydrometallurgy to selectively extract the desired metal from the ore or mineral. Not a word bandied about in the pub too often (unless hanging out with mining engineers and geologists, I presume :-)