Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Agree MM
Free carry on Gold is amazing. Been in many gold stocks over last 10 years but never had this unique situation.
So many Gold producers have high AISC costs, some could hardly breakeven when Gold was around $1000. Only big players like Newmont, Barrick, Newcrest, BHP, etc would make a slight profit at $1000 ,mainly from their economies of scale and deposit size.
With Gold price now approaching $2,000 free carry Gold for THR would go straight to their bottom line profit. That alone should be a huge attraction for any Gold major to pounce on THR and just buy them out.
They would get other assets for free.
Has to be fair price though for "Sum of parts" valuation
https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200731-asx-pilbara-au-ni-follow-up-sample-program.pdf
Thor has up to 75% acquisition rights on kapunda copper area. So this should rerate well past 5p by then.
Fully agree with u Mr positive , superb and best YouTube interview , huge Copper upside while we await gold extraction which is free carry. GGP had a few hiccups at start look where they are guys. Upside from here only. Metal tiger rely on copper upside that's what they made money on in Botswana. Zero cost at kapunda copper site for gold extraction thru govt fund. Win win only guys. Should see rerate from current Sp soon.
MMgames,
Yes. That is an excellent interview. 1000 tonnes of Copper and say 100,000 oz of Gold just so far from Kapunda is great....25% to THR.
Love the fact they can extract both Copper n Gold via solvent extraction Or as Copper cathode. Gold extraction cost would be NIL as it would simply get extracted as solution when they extract copper using solvent solution.
Also Mick Billing using Govt cash Grant's for Kapunda costs so we not using our own funds is a huge plus. Hence THR deploying funds to fast track Pilbara Goldfields which is on same gold belt as GGP.
We not even factored in Royalty income from Springfield gold deposit.
From what I know from many years ago when I was in THR was the fact Molyhill led to slow progress coz of market price of Molybdenum took longer to recover. Now that Govt has granted Molyhill a major project status, things could move forward soon as prices recover after COVID-19 effect.
Think Mick is closing to redeeming himself. Market is forward looking and re-rate on future 6-12 months activity. Folks here can criticize Mick as much as they want, makes no difference. It's where he takes THR in next 6-12 months that matter most.
Is Lenigas involved in running this company? I thought there was a link to him but perhaps that was in the past and he's not there anymore. Even a faint whiff of his involvement puts me off.
Businessmen have learnt through their failures.......
https://youtu.be/6yqBhl0Q2Mg
If people go thru above link 19 hours ago they might understand that Copper deposits are 1000 tonnes not ounces. We have 25% of that. So 250 tonnes which will be RNs in October - 2 months from now, can't see Sp any less than in pennies on that RNs. Gold deposits in the copper drilling will be unearthed. This is going to be a very very rich company. I know many don't think Mick is up to full speed due to the consolidation and **** ups in past 5 yrs but the goods are on the table. He doesn't sound enthusiastic, and looks and sounds like Alec Guiness the butler in 'Murder by Death'. Don't go by past failure guys, its a new future now, no ramp just plain truth. This is now the nearest precious metals company time scale low priced to have its Sp appreciated next due to next RNs very soon.
Have not dug too deep in to the RNS but not getting too excited about “pan comment; one flaky, one chunky “. Really, two whole bits of gold. You can see that on Aussie Gold Hunters, one bloke and a clapped out digger. Not for me.
JR34 in future I think many shareholders will be very cautious about share with far too many shares and far bigger promises in what we have had with shares like Thor due to mismanagement from Mick Billing. Gla
We have had 2 good news one today on pilbara gold mining, one on 24th on copper at kapunda, anyone know when molyhill tungsten news coming? I know its been a dog of a share but that's swings and roundabouts on Aim.
Just another lifestyle company, I am heavily invested in Metal Tiger and it pains me to know they have invested in Mick's lifestyle company. They may have huge potential but what has Mick done? Placing after placing, dilution for the shareholders. What have they done for you?
Very good volume today 183,941,281, ggp have 3,760,206,631 compared to thr 1,224,996,863 shares in circulation.
bsg4 and jr934 will have a big smile on there faces watching it fall back a tad before close
Totally unexpected but equally welcomed and volume and trades through the roof !
Should see some nice delayed trades later on and come Monday should be just as lively once the Aussies get hold of this !!
Nice work team.
We could see 0.70 - 0.79 here soon...next week possible.
Whether its Mon or not, makes no difference to me. Expect this to move to higher price range ahead of results.
[27.5% on the chart ] gla
Where is the price of gold heading?
These Aussie miners are becoming more and more attractive as gold goes up. I cant see sentiment changing until at least November with the US elections. Been accumulating personally and will continue to do so. There will be deals made and drills commencing throughout this period.
Gains could be huge
Let market digest news and interviews over the week and press coverage
This Opened @ 0.41 today...and been up since.
Don't think so...
Todays low was 0.395, so how did you buy earlier today at 0.32 ??
And sold out at the very top of the peak at 0.62 !!
Amazing trade that one !!
onley the day traders will sell out they always do on friday [you will not get in this low on monday ] gla
This will drop back level to where it started by 430 mark my words got in earlier in the day @ 0.32 out at 0.62
1 HOUR to go + 29% just stick with ? what will the price be monday [ all good news to come ] gla
Sam
Laggards when break out generally tend to re-test previous 52 week highs. Seen that play out on almost every stock.
0.79 is 52 week high here. Next week possibly. ..
Sam
Laggards when break out generally tend to re-test previous 52 week highs. Seen that play out on almost every stock.
0.79 is 52 week high here. Next week possibly. ..