Member Info for GaiasKidney

Dummy just gave 4.086 to sell - ~3% spread. GK.

From the 1-8-17 RNS: MB: "Kapunda is not an exploration project where we hope to find mineralisation. The presence of copper is well documented with significant prior production, and substantial historical drilling. The opportunity at Kapunda is to test, at modest cost, the potential for insitu recovery to extract the copper mineralisation. While the characteristics of the deposit, determined from reviewing historical drilling results, appear suitable for this style of extraction, hydrogeological pump testing is required for validation." Kapunda Copper Deposit "On the edge of the town of Kapunda (90 minutes north of Adelaide) is the historic Kapunda Copper mine, the site of the birthplace of the Australian commercial copper mining history. Copper was mined from Kapunda for more than 30 years, until 1877 with tributors subsequently working it through to 1912. The Kapunda copper deposit has been comprehensively drill tested over many years (Ref Figures 2 &3), however a JORC compliant resource estimate has not been published. The protocol for estimation, and reporting, of resources with potential for exploitation via insitu-recovery has a number of additional steps compared with conventional mining and processing, and this procedure is currently in progress..." Copper In-situ Recovery "ISR is a common extraction method in uranium production (more than 50% of current world uranium production is via ISR), and has also been successful, where conditions are suitable, in copper production, in the USA and Russia. ISR production of copper at the San Manuel mine in the USA lasted 15 years and amounted to over 250 million pounds of copper during its lifetime. ISR uses solutions (lixiviants) pumped through boreholes into the mineralized body, to dissolve (leach) the metals followed by extraction from nearby boreholes (ref Figure. 4). It requires that the minerals be amenable to chemical recovery.." GK.

Thanks Sniff. That is very useful. Time for some calcs ;-) GK.

Hi Craig That MB asked for the suspension last night suggests the Kapunda Jorc will drop today. We'll see. Nowhere can I find any previous published reliable resource numbers, 1992 or otherwise. However back in the day this was a very big mine with astonishing grades. Recent vid: https://youtu.be/aBIvi5JwCEs GK.

Most recent buy: 3.545, sell 3.39. spread ~4%. Commod cos do better in an inflationary environment. Prospects ahead for Thor very strong. GK.

the general downside selloff here I see. The shock comes from the spectre of inflation. However inflation is disproportionately good for commod cos. Even more so for the small players sitting on the right assets, with the potential to to have a highly geared response. For PML I see the downside (ie wipeout) being around just 1/20th the magnitude of the potential upside. PDYOR. GK.

This from December: "Tungsten outlook 2018: Key factors to watch. According to Roskill, the tungsten supply/demand balance is set to remain tight for the rest of 2017, with the market ending the year balanced. But what�s the tungsten outlook for 2018? �Despite increasing supply, continued demand in 2018 is forecast to form a supply deficit as operations in China continue to experience suspensions,� Merriman said. He also expects restricted output and supply from the rest of the world to remain flat. He added that in 2018 it will be key to watch what happens in China, the world�s top tungsten-producing country, as any changes in the Asian country could impact the tungsten market. �If supply disruptions in China worsen and affect major producers for a prolonged period, the forecast supply deficit could intensify and higher tungsten prices are likely to ensue,� he added. Looking ahead, Knick Exploration President and CEO Jacques Brunelle said that just like graphite or cobalt, tungsten will be the �flavor of the day, most likely in mid-2018,� supported by a major increase in space development. �Shareholders will be on rendezvous when the market picks up, and it will be a very bullish market when they understand that America holds strategic minerals like tungsten without foreign intervention. That�s something China doesn�t know,� he added." https://investingnews.com/daily/resource-investing/critical-metals-investing/tungsten-investing/tungsten-outlook/ GK.

Hi Mr P. "In the older NPV calc, Tungsten Prices in 2015 hit a low around 21,000/t and since then are UP by 50% to 31,500/t. Still below 2012 peak of 54,000/t. (www.infomine.com)�for historical prices" Please check the prices assumed in the 2015 DFS. GK.

Hi V20 If all else remains the same then an extra year's production in year 7 would boost project NPV by about 2/3rds of the 17% addition to the reserve, as it is at the end of the mine life and it's value contrbution is discounted the most. ie giving about a 12% boost. Other savings and perhaps value additions will be looked at, re alluded to in 8/1 rns. Expecting a deal re Molyhil quite soon. GK.

Mr P Virtually inevitable that with further valuation rises outstanding warrants will be exercised. From last appendix 3B total is 190,867,333. Add these to the 617,062,059 present issue gives an expected issue of 807,929,392. With that your figures adjust to: MCap �40m = 6.48p > 4.95p MCap �50m = 8.10p > 6.19p MCap �75m = 12.15p > 9.28p MCap �100m = 16.2p > 12.37p MCap �125m = 20.26p > 15,47p MCap �150m = 24.31p > 18.56p. Very nice of course but keep it real mate. ATB. GK.

Buying again now. Spread tight to 3%. Much imminent news. DYOR. GK.

Upthread??? Uptrend. GK.

Trading spread 3%. Bit of consolidation after an 80% rise in 2 weeks? Can't be upset by that. Upthread remains strong and intact. Pl All DYOR GK.

Haha Mr P. Are you a (Hot Copper) machine that never sleeps? THR onward. Jolly good. GK.

Hi Dunkel. "..gold's current price is 1350 dollars per ounce, but a typical value for in-ground gold resources is 40 dollars." With average gold explorers'/developers' estimated OPEXs of some 2/3rds of the present $1400 odd gold price amd Thor's OPEX estimate for Pilot Mountain being only 1/4 that of the present realised metal price.....your comparison is obviously worthy of analysis, but falls on going deeper. Thor will rise to reflect the project value potentials that come from the large differential between OPEX/t and selling price/t when (I don't think it's an 'if') partner/builders come in. Anticipation of that is apparent. GK.

Ha. Just!! GK.

spread here now on dummy trades. Behaving like an everyday share. Volume increasing and solid buying with more grasping the phenomenal value proposition here. Tungsten https://www.vitalmetals.com.au/metal-markets/tungsten/tungsten-price/ GK.

Hi David. Welcome to the bb. Or is that welcome back? What you say about Thor's previous performance is completely correct, but imo is also on its own a very poor basis for judging whether this is or is not a good investment at this time. If they had just frittered away the funds they raised over previous years then the figures on P&L would be of higher concern and relevance, but they have certainly not done so. I've had Thor on watch lists off and on for some 8 years. I never invested until last Feb. For the one dominating reason aisi that the position of the commod cycle would not support such buying on a balance of risk and reward. That situation changed to a far more positive outlook only quite recently. For Thor that also has fortuitously closely coincided with them having accumulated and developed two Tungsten projects with now very high development potential. Not an accidental strategy on their part I believe. With an understanding of this potential there was (and very much still is) a rare opportunity to gain highly geared exposure to the positive direction of the continuing and expanding upward phase in commodities. Something that was very difficult to see being possible before. We'll see how it goes ahead. There is one certainty though: the past is the past. ATB. GK.

People may wish to note that shares here are presently changing hands at a near 5% spread. PDYOR. GK.

Hi Seedcorn. Last Autumn's significant rerate at THR was instigated by a strategic change in approach by the co. Re: "20 October 2017 THOR MINING PLC FINANCING AND STRATEGIC UPDATE The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) are pleased to announce a strategic financing to advance the Company's key projects towards commercialisation. The next phase of activity demonstrates a departure from a focus on exploration expenditure, to build project resources, and the commencement of activities designed to progress the commercial potential of each of the Company's core projects. The key focus for the Company now is to demonstrate the value that the board consider existing projects to hold, and move them towards commercialisation, in order to generate quantifiable shareholder value. Exploration where undertaken, will be focused on new discoveries and high impact targets, and may involve new opportunities not yet in the Company portfolio. Expenditure on exploration will be controlled in order to move the Company away from the high exploration spend recently encountered, which resulted in a need to undertake frequent capital raises." The concurrent financing was later significantly added to by a high volume of warrant conversion, which arose from the higher sp. This now leaves the co very well financed into 2019 and beyond. Consequently this has taken the co away from the value destroying financing trap where so many small explorer/developers have to perpetually sell new issue to continue project development. However despite a near 300% sp rise from that previous situation so far, I anticipate real value realisation has not yet even fully commenced. This will come when the co bring in (previously mooted) partners so as to take one or more of these high potential value projects to commercial realisation. Metal Tiger's further investment is recognition of that and is an initial part of that process I believe. Examine the development status and potential rapidity to commercialisation of Thor's three primary projects. GK.