Member Info for hedgestar

119,000 tonnes of contained copper far exceeds expectations of 45,000 tonnes. My NPV estimate of THR just got a massive upgrade. Well done THR team for identifying this little gem. I plan to buy more shares on the open. It will take a few days for the shares to re-rate and the shorts to close out their positions.

From a recent Lynas press release (Jan 18) - "a new strategic stockpiling program has been announced in China focusing on NdPr, Nd, Tb, Dy and Lu." This is a very positive development as typically you want to buy when the Chinese buy. Means REE prices will be supported / go up!

I have to admit I may have been too dismissive about the REE by product. The grades of REE are very high when compared to other REE deposits. There is exposure to electric vehicles here through these minerals. Did great things for lithium. The upside here might be very significant. Let's see what we have on Monday.

If there are rare earth elements, gold, etc by products then this is good upside for Kapunda. Problem with REE is the processing - expensive and complicated. Maybe they could move it and ship it to another REE miner in Australia. Gold helpful if in significant quantities. Let's see what we have on Monday morning then I will run some new numbers.

Gents (and Ladies), Time to engage brains on Kapunda in advance of announcement on Monday. I've done a back of the envelope model to try and figure out what this project is worth in NPV terms. Assuming a reserve of 50,000 tonnes of contained copper, production of 5,000 tonnes of copper per year, and an average life of mine all in cash cost of production of US$2,700 per tonne, and today's spot price of copper of US$6,800 per tonne, capex of US$35m (lower than Excelsior as a smaller operation), this project will generate cash flow of about US$20m per year. Discount this cash flow stream at a 7.5% discount rate, gives you a NPV of approx. US$100m. Key variables are reserves of copper, capex, copper price. Cash costs should be low like other ISR copper projects. Without stating the obvious but if we get a good resource from Kapunda on Monday then the NPV of Thor will jump up dramatically. Which means the share price will take-off in spectacular fashion once the market has done the maths above.

Time to do some work on potential value of Kapunda. Excelsior Mining a good comparable. ISR copper project in USA. North Star Probable Mineral Reserve of 4.5 billion pounds (782 million short tons grading 0.29% Cu) contained within a Measured & Indicated Resource of 4.9 billion pounds (873 million short tons grading 0.29% Cu). Mineral Resources and Reserves are at a 0.05% cut-off. This company has a market cap of US$170m. Let's see what the resource estimate looks like on Monday then we can do some direct comparisons with Excelsior in terms of size and grade. Btw, Australia a far better country re. permitting than the USA! So Kapunda a better project in this regard.

Just topped up. MMs drop the share price on the open to encourage selling so they have more stock. A buying opportunity. Watch the share price rebound... I bet they drop the share price again at the close to help the short book P&L.

Thor probably getting more interest from strategic investors like Metal Tiger and I expect others will follow. Good press coverage recently on Thor which can only help raise the profile of Thor's projects. I see Thor doing a deal on one of their assets soon. No bubble here. Market cap too small. If you want a bubble check out tech stocks or Bitcoin! Thor a safer bet.

Share price being artificially depressed at the close. Shorts trying to minimise daily P&L loss. Not fooling anyone. Most of the volume today has been well above 4p. Keep buying and ignore the closing price. Shares will run on Kapunda announcement.

Short positions in THR need to close out their positions. Very dangerous for them to keep hanging on. There is good volume so they should be able to close out sub 6p. If they leave it too long they will end up closing out at 10p.

THR will promote the living daylights out of Kapunda next week. Investors will buy on the back of this. Shares won't be sub 4p for much longer.

Good volumes today in THR. Share price is being held back by market makers. Must be an attempt to sell the 10m warrants that were recently exercised. Given volumes this overhang should clear by the end of the day then we should see a tick-up Obviously the market needs to see the details relating to Kapunda to put a value on it so we need to wait until Monday for the real action...

THR would only make the effort of a trading halt if it was deemed price sensitive news, otherwise you wouldn't bother - in this case can only be good news. I agree with MrP, share price should trade up to 5p to 6p trading range in short order. Market cap is still too small vs. assets, and Kapunda will only increase the market cap target size! I think a good momentum trade here for those buying shares today.

The stockmarket is all over the place. Dow closed up. Wild swings intraday. Miners will probably trade up tomorrow, including Thor. And I thought small cap miners were volatile!

A few warrants getting exercised in THR. More cash in the bank which is a positive. Shorts trying to close out their positions. News imminent on Kapunda. Copper price is holding up.

Thor getting knocked down today by MMs. Looks like a buying opportunity, with a healthy rebound on good news. I plan to top up.

I think we will see Kapunda inaugural copper resource, MTR increased investment, and probably something else thrown in for good measure by THR team all announced this week. Share price at 5p+ by the end of the week.

MrP, just to say your posts have been exceptional. Very good understanding and analysis of THR. Apparently there are still large short positions in this stock. These people must be complete idiots. There are better stocks to short in the market. If they haven't closed out their positions by now then they will pay dearly in the next week or so. Serves them right for trying to take advantage of AIM listed growth companies.

THR have many irons in the first. It won't take much for the share price to trade up to 5p. Confirmation of a good resource at Kapunda, US Lithium having exploration success, Molyhill improved DFS, increased investment from MTR, Pilot Hill update, etc. How many catalysts to make the share price go up do we really need? :)

From the THR quarterly update released today on the Kapunda copper project in Australia - "This resource estimate is now expected imminently." The market likes copper.