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don't be such an unresearched Wally bsg4 - Alford East is going to be exploited using in-situ recovery not open cast mining - the issue of how much copper there is per tonne of rock is irrelevant if you are leaving that tonne of rock in place.
More important is just how extractable the copper is using in-situ recovery - you might wish to watch the video here:- https://www.thormining.com/projects/copper
Typical THR trying to put lipstick on a Pig. 0.4% is probably the minimum exploitable grade for a copper.
Hear hear Plface
I like the fact they’ve acknowledged that it will take around 6 wks for results s9 in the mean time they’ve given us a heads up..... keeping us informed
If she’s excited so am I
0.4% can be a very commercial grade. Encouraging results from the northern extensions work it appears. Look forward to assays awaited.
The new MD bringing the proactive developments I envisaged.
Looking forward to Ragged Range gold drilling most of all.
The uranium and tungsten in the US could be exciting too.
https://www.londonstockexchange.com/news-article/THR/preliminary-drilling-results-at-alford-east-sa/15036328
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"Thor is excited by these preliminary pXRF results. The validation of the geological model and structural controls on mineralisation has a significant impact on subsequent drilling and the confidence level of any future Mineral Resource Estimates. The step out of 21AED002 and confirmation of a wide copper intercept, highlights the potential to increase the current Mineral Resource Estimate."
That gut feeling might just be ingestion and this share has paid out plenty of that over the years !
I just have a gut feel this will do ok in under 15 months. I expect it to treble from here within that time
you must admit gkb,this is the first time in 15 years.
thr could transition,into a producer and copper is on the hot list,where ever you look.
short term and long term.
early days
if they can get this copper resourse,up and running.
https://www.youtube.com/watch?v=Kv6ai9Fg_9Q
just need some timelines and funding news
Orion... I'm not a geologist and have a very very basic understanding of geophysics.
Given your knowledge and experience of the area and this field, are Thors hits in ragged range more amenable to ISR or would it be traditional extraction methods.
If its a stupid question.... Like I said, call me an idiot.
Thanks for reply if forthcoming.
is it not our gold asset just next door to GGP asset ??
Thanks Impecunious Yes I had to work hard to get Mick Billing into the Pilbara but it happened and even before Nicole took over Mick embraced the concept and was responsible for the initial exploration program and the excellent results. If commodities keep on kicking Thor are well positioned and maybe over time they will consider spinning out some projects in to a new entity as many Aussie companies do when markets are receptive to significant capital raisings. Cheers
Hi, Orion
Very good to see someone of your knowledge and experience posting here. Most of us know nothing about geology and mining (particularly myself). I see from some of your past posts that you once had a less favourable view of our chairman, Mick Billing. But there's nothing wrong with changing one's mind, when the facts change.
I invested in the company soon after Nicole was appointed MD, and have no regrets at having done so (though perhaps those await me in the future).
Best wishes.
glencores ceo....on the outlook,for the commodity sector
https://www.bloomberg.com/news/videos/2021-06-22/glencore-ceo-glasenberg-on-the-new-commodity-economy-video
Orion10 thanks for keeping us up to date.
It's an eyebrow raiser given the tenor of the results in soils. But that aside we got lucky when the previous owner of the Kellys Copper Mine decided to pull the plug and we secured that key area with gold -as well as copper - on the contact of the basalt and the granites. Granites being the operative word -something not even mentioned at the commencement of the project - nor on anyone's radar screens not so long ago.
We may be in with a big chance at Ragged Range in the conventional basalt /ultramafic settings but I am also very excited about the gold on the granite contacts. I believe the East Pilbara granite domains could be hosts to further large gold discoveries - similar to the De Grey bonanza in the Mallina Basin granite settings.
Noone several years ago would have imagined -as announced today by De Grey - a 9 million oz global gold resource anywhere in the Pilbara .
THR management are doing a fantastic job and carrying out a very professional exploration program at Ragged Range.
What I’m intrigued with this project is that with modern day tech and the fact the mine has high grade copper it will be interesting to see what was missed from mining decades ago.
They must have enough confidence in it to upgrade the tracks etc to make it easier for the explorers and co.
Looking forward to regular newsflow here on many projects.
Ragged range - gold / copper
Alford East - copper
Kapunda - copper (EnviroCopper doing the work)
Uranium/ Vanadium
Molyhill - Tungsten / Molybdenum
Uranium project- waiting for permit to be in place before drilling starts.
Pilot Mountain (USA) - one of the largest Tungsten deposit in USA. Thor looking for a JV partner.
Next 6-12 months looking very active at Thor with 5 active projects in action in parallel which is rare on AIM.
Momentum should increase here soon.
Enviro Copper listing on ASX would be another major step forward. (Thor 30%).
@ dhub.... just checked with broker and mine’s showing .8675 sell and .9 buy with a .85 and .95 spread.
Investing.com also showing .85/.95 spread and .93 sp (6% up)
For me, I’ve never liked how they show the figures on here.
Above.... fwiw
A few sell on news, they bore easily. Its a good time to accumulate a position.
"Call me old fashioned but isn't it customary for the SP to rise on the back of good news rather than fall?"
i am also old fashioned
The SP isn't really 0.0832p, it is 0.90p. Not sure why the MMs/LSE are depicting it incorrectly
I've looked at a couple of other places and they both show this stock up 6.74% at 0.934p.
Maybe it's just LSE having a laugh with us.
Call me old fashioned but isn't it customary for the SP to rise on the back of good news rather than fall?