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Yes I like this report - very easy to read. Good stuff. Plenty of upside..
They set this up nicely for a huge re-rate in coming weeks with timely reminder for all deposits.
Not selling any at this low price. This is going to multi bag from here onwards. Still very cheap for anyone sitting on the fence.
Nice little RNS there's akes very clear where we are with all projects.
Plenty of positive news potentially on others sites
Exciting times ahead
Brilliant update.
This is only going one way from here and its in the Northward direction....in before the herd so they say.
DYOR and good luck all invested.
I see this over 2p in NOV.
Excellent Highlights & summary by each deposit.
Action about to start at both: Pilbara & Kapunda Gold deposits.
Looking good for now,need to digest all of that !
Just out
https://www.share-talk.com/mick-billing-executive-chairman-of-thor-mining-thr-asx-l-interview/#gs.jgneh0
Mick Billing, Executive Chairman of Thor Mining (THR.ASX.L) Interview
The survey is being flown by MAGSPEC Airborne Surveys Pty Ltd on a 50m traverse spacing, with flight lines perpendicular to prospective stratigraphic and structural controls in the area. The survey is anticipated to take approximately 6 days, with Thor anticipating processed and modelled data for release early November.
Highlights:
· High resolution close spaced airborne magnetics survey commences over full tenement package.
· The airborne magnetics survey is designed to map out the underlying mafic/ultramafic greenstones and to identify key prospective structures.
· Next exploration steps to commence immediately following the airborne geophysical survey, include further mapping and infill stream sediment sampling along the 13km gold target zone (THR Announcement 2 September 2020).
Mick Billing, Executive Chairman of Thor Mining, commented:
"Drilling for gold mineralisation at Ragged Range is a key near term objective for Thor, and identified as a priority in the recent capital raising"
"This airborne magnetic survey, along with the next sampling program, also to be conducted during October, is an important part of the process towards selection of targets for drill testing."
So, the momentum is still intact and we survived to fight another day.....bring on tomorrow then!!
I strongly feel there would be some kind of deal or arrangement they can come to with GGP...speculation off course at this stage.
May be they want to get drilling underway and get an idea how big Ragged Range turns out to be....but then that would not stop NEWCREST sniffing around.
Newcrest probably would want the whole cake, not a slice or two if those hills are filled with GOLD.
look See.... if GGP has this enormous play and growing and we as a smallish play adjacent is not a buy out possible leaving Thor to go its merry way with the other assets it has but Thor out and holders get a special dividend based on there holdings ......
Am I seeing something or will a more refined PI shoot it down
May be Mick has already had a chat with Gervais Heddle !!!
I think Thor need to show the boys at ggp the upcoming data as we are stuck close to then maybe they can buy the gold part of Thor operations if it looks as good as they said let’s have a 20p buy out please
And what does "normal" mean? I hope it doesn't mean what I could find in my back garden.
Mick Billing proactive interview.
Just out of interest (and as a long term holder) where do these readings come from?
Thanks
with readings 5- 6 times above normal.
Gold assay results...hopefully next week.
2.3 AUD would be 1.25 here.
MMs been grabbing these off some weak sellers here for past 2 days.
Nuclear is in the midst of a huge comeback as Global leaders push for low carbon footprint. US imports about 90% of Uranium. USA wants domestic companies to step up and produce Uranium to fuel Nuclear reactors or lights go out.
Looming Uranium supply crunch bodes very well for our Colorado deposit with processing plant about 50km away.
Uranium prices to Triple from $34/lb.
Infrasture spend benefits all commodities like Copper, Iron Ore, Nickel and Tungsten etc. Thor Tungsten deposit at Pilot Mountain (USA) would also come into play. US already put Tungsten on Critical mineral list.
And THR got GOLD at Pilbara & Kapunda.
Been flat last two days in Aus no? So it's still about 1.2 as per AUD right?
The Newcrest report this evening highlighting Greatland Gold's Havieron project again is an absolute monster and we may see a knock on effect here.
Artemis have mentioned it already this evening.
Only for you BSG4....this will double again from current level and again to 4-5p level in next 4-6 weeks. IMHO.
£16m MCAP is just crazy low for all the assets we got.
Should be £50m minimum at this stage. With further positive news this could easily hit £100m MCAP in quick order.
Being lonely is terrible, isn't it bsg4?