Has increased 960% in the last 2yrs according to the Mail on Sunday .We have a vanadium deposit within the recent Bonya acquisition which could be an added bonus due to its close proximity to the Molyhil project.
Very good summary of THR`s present status.I rate PJ`s opinion very highly and am quite happy to follow this shrewd investor and have decent holdiings in THR ,MTR and GGP.This market and sentiment will turn eventually.
I must admit the placing came as a surprise to me,but the funds are being applied to the fund our share of the accelerated drill programme as a result of the positive drill findings which can only be positive. I`m pleased also to know that Sprott have joined in with a further £1.148mil which must be a cracking endorsement .At the current level it represents very good value IMHO remembering Charles Hall paid 3p recently in converting 3mil options.
There`s very little interest in these exploration stocks at the moment but sentiment will change and I`m quite happy to hold here .They have three great projects two of which are near to the commercial realisation stage and Pilot Mountain although further away could be really big time.
Following PJ`s investment opinions hasn`t done me any harm at all.A very shrewd investor and if he considers this to be grossly undervalued I`m quite happy to follow his intention of buying a few more..With a Mkt capital of around £13mil this looks very good value .Any one of their 3 main projects is worth more than that IMO.
Jockvest,Over 19mil warrants have been exercised over the last few days so a lot of the selling has come from this source.Once this dries up we should travel north again..There are posters on here who have their own agenda and best ignored.MTR paid an average of 3.61p very recently and now hold around 11%.I would rather trust their judgement on the value here rather than the de-rampers.
PJ and MB directors of this company have recently subscribed to placings and PJ converted options to raise �125000 to be used in the due diligence in the Pilbara area so please don`t imply they are offloading their holdings when the opposite applies .
AIM resource stocks are high risk investments and we all lose on some .I lost heavily in RRR and RGM but have put it behind me and moved on.The circumstances here have changed over the last 2yrs..They are now fully funded and have what appears to be attractive commercial prospects which I believe to be worth far more than the current valuation.Time will tell who is right.I`m sorry you have lost heavily here and hope in time you`ll recover your losses.
Your subject matter is Reality check. I`ve given you how I see it Helicopter reconnaissance is now common practice in identifying areas of particular interest in a cost effective manner..I don`t ramp shares merely state the facts.If this doesn`t suit your agenda too bad.
The reality check tells us they are fully funded on planned expenditure through to 2019.They have two very exciting tungsten projects in Pilot Mountain Nevada and Molyhil where it has reached the stage where it is now intended to realise value through possibly a joint venture or sale.They have negotiated an option on very inexpensive terms to prospect the Pilbara region for lithium and gold.They also have an interesting copper project in Kapunda .All this with a market capitalisation of around �16.5 mil.I`m happy to be invested here.