George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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could be taken out in my view ahead of Pilbara Goldfields results due soon....good results and say good bye to +1p.....
Visible mineralisation from "Multiple" locations...
Still under the radar. Wait for wider market to take notice
Volume good again today
Micks the man good old mick
Gold extracted using the solvent solution method comes as Free carry.
So any Gold oz extracted and sold @ market spot gold price would go straight to your bottom line profit.
Kapunda Copper & Gold deposit should become extremely attractive to any of the Big majors...RIO, BHP, NewCrest etc in my opinion.
That's the beauty. Gold extraction cost is NIL.
Gold is extracted from the Copper solvent solution which they have to extract anyway. So Gold comes out with it at no extra cost making Kapunda Copper & Gold deposit even more economical.
... and Micks still here !!
But you have to take into account all the costs of getting the gold out of the ground!
Thanks Mullins, nice one.
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!!