Member Info for MisterPositive

https://stockhead.com.au/resources/thor-mining-readies-to-drill-promising-targets-at-us-uranium-project/

"The field program is designed to follow up previously reported success from stream sediment samples collected across the tenements, which defined a highly anomalous 13km long gold target zone, with gold values up to 2.2g/t Au."

Previous samples exceeded management expectations.

13km is huge.

Mcap at £15m here is a steal imo. KOD is sitting at ovet £64m Mcap ?

MMs been doing bit of arbitrage selling to US investors at much higher price around 2.10cents which is 1.50p here.

They grabbing shares on the cheap.

BSG trades 10% swings and then comes back with his negative rhetoric to get a lower entry again and hangs around like a bad smell.

Anyone with a positive outlook is branded a ramper .....charming.

Deepsurvey1
Good posts. Also noticed RECO.V stormed higher again today and now sitting at $1.93 Billipn MCap.

Well done guys. Great buying opportunity.
I might need to shuffle up some of my other stocks to buy another tranche of THR while still low.

I top sliced almost half few weeks back. Sold some more today. Gold grades not been what i was hoping for. £55m Mcap looks bit rich to me.
Political risk here also unsettled my investment decision. Leaving some as free ride. Shifted funds to THR at only £17m MCap but with operations in safer countries like AUS, USA, and all industrial commodities on a roll that THR is sitting on takes the extra stress away.

Everyone will have different investment strategy and holding timeframe. Do whatever makes you comfortable.

GLA, DYOR.

Molybdenum been up:

+45% weekly
+114% year to date.

That is awesome.

Both MolyHill (AUS) and Pilot Mountain (USA) projects getting even more valuable.

Will not be surprised if a cheeky Buyout offer comes in.....Mcap is ridiculously low at only £17m?

Agree mate. Current Mcap is way too low.

Just £50m MCap gives you 3p here and that would be at the lower end.

Bsg
Nope. Still Holding. Bought more at 1.12
Its the exit price that matters. I can see this Quadruple minimum around 4p within 6-9 months. Medium to long term i am looking at 10p plus here.

Think you might be trading the 10% swings not me.

Yes mate. Both Tungsten and Tin are on a roll.

Thor in my view is a superb Buy n Hold with lots of value to be untapped this year and coming years. Could go GGP style with upside from "Multiple" commodities here.

Thor owns 30% of EnviroCopper who plan to roll out their ISR technique across Australia.

EnviroCopper IPO should provide additional boost to Thr share price on top of the Copper resource at Kapunda / Moonta deposits etc.

Does anybody know when does EnviroCopper plan to list on the ASX ?

Highlights:

§ The Molyhil Mineral Resource Estimate now comprises Measured, Indicated, and Inferred Mineral Resources totalling 4.4 million tonnes at 0.27% WO3 (Tungsten trioxide), 0.10% Mo (Molybdenum), 0.05% Cu (Copper) and 17.75% Fe (Iron) using a 0.07% WO3 cut-off (Table A).

§ New Measured classification in the upper portion of the Southern Lode

§ Concurrent 3D geological modelling identifies priority drill targets to increase resource.

§ New exploration targets identified near the existing resource.

§ July 2020 - the Northern Territory government announced that the Molyhil Project had been awarded Major Project Status

§ Next Steps: Geotechnical drilling for pit wall optimisation, ore sorting review, and drill testing of priority resource and regional targets.

§ Continued discussions with potential financiers and joint venture partners to advance the project

 

Mick Billing, Executive Chairman of Thor Mining, commented:

"This revised Mineral Resource Estimate using Support Matrix Kriging has generated a more robust resource with the upper portion of the Southern Lode now classified as Measured, the minimum standard required by many project financiers.

Field work commenced on 12 April.

"The field program is designed to follow up previously reported success from stream sediment samples collected across the tenements, which defined a highly anomalous 13km long gold target zone, with gold values up to 2.2g/t Au (20PST 51 FA25) and 1886ppb Au (20PST 54 Au AR25) and identified three magnetic targets"

Also waiting for drilling to commence at both Ragged range (AUS) and URANIUM project in USA shortly.

Lot of activity lined up for June and coming months.

Diadulus
Agree. Both Pilot Mountain & Uranium/ Vanadium projects would be in the spotlight now for potential Buyers to take them out given the US Govt drive to push for cleaner energy with US$150m fund set up.

Also Tungsten back in fashion in a big way and should follow Molybdenum price sky roketing in past months.

US investors would soon be catching up with THOR story over there.

Back in Oct / Nov 2020, had a similar pattern, when we tested 1.20 breakout few times before cracking past to 1.40 real quick. This time around it could go well past 1.50 in my view to 2p as next psychological level.

All in my opinion. Both Medium and long term indicators turning positive now so gives more confidence on the direction of next leg Up.

Investors in US paying 2.3 cents for Thor mining shares (around 1.62 pence). US trading Volume 80k is not much but ticking up slowly also.

London being the main Volume driver obviously followed by ASX.

I think word is spreading about Thor, which looks very cheap given the upside from multiple commodities poised for a strong Upward run.

Agree 1.40 retest on its way.