Member Info for Bridgedogg1

Without news it was inevitable that this would come back a bit and retest 0.875. I see this bouncing this week and moving higher towards, then past 1p.

I don't see why you wouldn't do a JORC on the gold unless its $1B known extractable. Current conservative estimates are £120m and more to be developed, JORC would be a significant boon to a company our size.

Gold news could come in anytime, don't forget targeted start of production was scheduled for Q4 which I just don't see but there you go. I'm also expecting big news on Copper next month including details on production plans. Similarly the expectation on Uranium permitting has been pushed back but could drop anytime. This could lead to a 'hype ramp' as you say (good start with £1b mcap ;-)) but this should be underpinned by material news elsewhere.

AIM quoted mining and energy company, GCM Resources (GCM) said it has noted and reviewed the Chinese President’s address to the United Nations General Assembly, with particular attention to the comments regarding Developing Nations and Climate Change, and provide the following context statement in relation to the Phulbari Coal and Power Project. GCM note China would step up efforts to assist Developing Countries access “green” and “low carbon” energy, and that China would not build new coal-fired power projects abroad.

1st Sept: "Our next task is to test all six of the sand intervals through casing over the next several weeks. "

1st Sept: Barron Flats Federal (Deep) 100% oil discovery to be tested through casing. The testing program will lead to initial production and define a further exploration/appraisal and an exploitation strategy for the targeted reservoirs.

News due on this soon?!?

I think the strategy was to trip the large sells @ 0.27 then move it back up, nice payday

Everyone wants in at under 0.3p atm but its not going to stay there for long.

I was comparing this to I3E which also has a solid build of production but more potential here with the deeps and third of the mcap. Over 13 days the bopd increased by 24% and continues to increase daily!

MMs took these down to dump off those big ones at the bottom. Should move up now.

Where's the fire?

https://stockhead.com.au/resources/bargain-barrel-the-sub-15m-market-cap-stocks-looking-for-uranium-rare-earths-and-new-opportunities/

I'm looking for around 3p / £50m. The Uranium should provide a uptick and get us on the radar once the permitting goes through, but its the copper and gold that should move along materially in the next couple of months.

Merc, I'd suggest that this already has come in. Take your profits and do something enjoyable with them.

“With uranium prices at current levels, we are pleased to be in a position to commence
drilling at our Colorado uranium-vanadium project once permitting is complete. Based on
the historic mining in the region and our due diligence, we are excited to be testing this
prospective area which is known to host high-grade uranium deposits.
“In particular, Section 23 appears to have not been drill tested by previous mining
companies despite the geological setting which appears very similar to that of the nearby
historical high-grade production areas, hopefully providing Thor with a potential
opportunity to make a significant new discovery

I took the stone comment to mean that President share holders will get a special dividend in place of Atome shares. I can’t understand the point behind Atome, I suspect it’s a bit of a swindle to be perfectly honest. I’m sure the Levine s will come out with a large chunk of ownership and President shareholders will get paid off with their own money. If not why not run it as part of President?

As you say its all on the website.

Originally we were opening a trial pit to get the offtake sample (March RNS), now we have used box cutting in order to access underground material required for the offtake. Depending on the type of coke required for the offtake different mining methods will be required, including possible onsite washing to increase the value. This isn't going to spring up overnight is all I'm saying. The offtake is the first step in preparing the approach and design of the production which will be different depending upon the type of coke required. and it seems the deeper high quality coke needs underground mining method rather than open pit. Don't get me wrong it will be a big, decisive step for the future of the company but I'm just saying it may not translate into immediate revenue as far as i can tell.

I'm not invested but am looking to get in and have come across this in my due diligence which is different from my initial assumptions, which i accept may be incorrect. I just don't think the whole story is being reported clearly in the RNS's. I have no agenda other than working out what's going on, this isn't exactly going to impact the price is it?

I think these projects are going to move ahead quite quickly. We could be extracting gold by the end of the year. The value in the copper project is the ongoing gov grants that is funding the drilling. I expect more to come as the ISM proof of concept (in Aus-already used in the US) develops. Our 30% equity in ECL May skyrocket in value once it is listed. Expectations for Uranium drilling have been dampened by the pushing back if the permitting deadline to December but I reckon this will come off way before then and THR will be a hot topic as the only Uranium drilling in the US, a country that imports all of its Uranium at the moment. The Sprott fund continues to but up supply in an already tight supply situation. After this countries will be keen to hold strategic uranium reserves and push for domestic production where possible.

My only issue with Thor currently is the Pilot Mountain sale to Power. Seems like this has been way undervalued, yes the cash is nice and we will own close to 5% of power but for the ‘largest tungsten deposit in the US’ a total package of around £2m doesn’t seem like much. News on this next month, along with gold, copper and the remaining tungsten project. Hopefully the deal won’t come off but I reckon POW will bite our hand off.

The share price seems to be moving sideways atm, expecting a move strongly upwards after a little consolidation and with news flow. Just wait for the Uranium permit to drop and drill to start before December!

GLA

Thanks luckyorange but that didn’t answer my question and it’s not on the website. The reason being is there is no mine, no feasibility study, no near term production potential. People seem to be of the idea that we get an offtake agreement and then start shipping coal, however it seems that and offtake will just feed into the feasibility study for financing of the underground mine, which will take time? Worded as a statement but it’s a genuine question?

Every region in the works mentioned apart from Africa!

Do we know what the capacity of the mining operation is? Say we were told ‘I’ll take what you can give me’?

I couldn’t quite interpret the vague hints about the interim results due this week - I assume they are not going to be great due to known issues with a number of well. Future looks bright though, spud in mid-late October then continuous drilling into 2022, up-to 5 wells I think. I’m going to sit out until late October, prob miss the boat as usual.