Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. 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.
How about... ~650M shares outstanding (think it was something like that, last time I looked), ~US$200M in the bank, end of life, cheeky little ~US$0.30 special dividend per share ;)
Current share price ~US$0.19 equivalent.
Lots can go wrong in these big projects and with global markets (lower gold), etc. but, at this price... an awful lot can go right (Extension, Douta, Lithium, future prospects, gold price could go yet higher, etc)
I assume no but there's a lot of info out there if you look for it online https://nairametrics.com/2020/10/14/fg-liberalizes-the-mining-sector-grants-5-years-tax-concession-to-miners/
ISA Essentially, yes.....I wanted to ask if MLE, or moving to u/ground, might constitute a different project and extend the tax holiday. I guess not, but you never know ; and what taxes are triggered once the holiday ends.
The $300m FCF is an effective way of highlighting a sort of worst case scenario here, albeit obviously true worst case scenario is gold crashing to $1500/oz, Nigerian militia seizing Segilola etc ha
There are very few scenarios that would leave investors, holding at today's $125m mcap valuation, out of pocket in three years time whereas the upside could comfortably be 100% ($250m mcap) and if POG really takes off, 3-4 years mle at Segilola, Douta developed, Lithium developed the upside isn't calculable even.
Yes, very detailed presentation and Q&A. All very positive.
Approx 12,000 oz of gold in circuit. Now being drawn down at a rate of 1,000 to 1,500 oz per month continuing for the rest of this year.
Segilola resource drilling. Segun put up a slide of known resource beneath the pit. The original study was when gold was at $1600 oz. Now $2,200 plus. So there is economic gold beneath the pit that can be added to the mine plan. With this year's drilling there should be further oz that can be mined in the open pit before going underground where they have some high grade intersections from the past.
Douta. PFS expected Q3. Current drilling to add oxide resource from shallow depth at both Douta and the new licence at Douta West.
LIthium. Hope to have a maiden resource published by end of this year.
Drill results from Nigeria and Senigal to come to the market this quarter and beyond as available.
Good, positive messaging though, specifically reinforcing the point that $300M FCF even if they never find another oz of gold, demonstrates the company is currently significantly undervalued. All that gold in the circuit, at these prices, is very handy.
What would have been your question? Tax calcs/burden for production during the future ops/extension period?
Disappointed the Q&A ended, just 30min into presentation, these normally only cut off at the hour mark. Never got to my qustion,m which was around the 5 year tax holiday.
Thor Explorations To Host Investor Webinar
Thor Explorations Ltd. (TSXV / AIM: THX) (“Thor Explorations” or the “Company”) is pleased to announce that Segun Lawson, President, and CEO, will provide a live investor session via the Investor Meet Company platform on Wednesday 1st May 2024 at 12:00pm BST.
The session will discuss the upcoming FY23 results that are expected to be announced on 29 April 2024, the recent Q1 2024 Operational Update, along with the Company’s corporate strategy.
The presentation is open to all existing and potential investors. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Thor Explorations plc via:
https://www.investormeetcompany.com/thor-explorations-ltd/register-investor
Investors who already follow Thor Explorations on the Investor Meet Company platform will automatically be invited.
Whilst the Company may not be able to answer every individual question, the aim is to address the issues raised by investors
Responses to the Q&A will be published at the earliest opportunity on the Investor Meet Company platform following the presentation
Investor feedback can also be submitted directly to management after the event to ensure the Company can understand all investor views.