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I foresee sale of 'MOLYHIL' to Chinese soon after revised DFS comes out (due this Quarter) due to Chinese relations with Australia, being their biggest trading partner. Chinese would also be keen to pursue 'PILOT MOUNTAIN' which is even bigger Tungsten deposit with a JORC of 32,720 Tonnes than MolyHil JORC 10,200 Tonnes of Tungsten and 4,300 of Molybdenum. China is facing serious Tungsten production cuts due to Govt. environmental crackdown. Chinese won't even have enough supply to meet their domestic demand equation. How can they secure future supply ? THR could 10 x BAG in a very short space of time. Anybody selling now will be kicking themselves in coming weeks/months and will be paying a much bigger Premium. MTR is already on it and very savvy by taking a stake in THR gaining exposure to the multiple assets. Only question is what price will Chinese pay ? * Pilot Mountain is worth over +$1B * Molyhil is worth +$321m Imho, Dyor

Not sure when US Lithium is listing on ASX. Could be in current quarter we are in. Think it's to agree listing price on ASX. If I remember correctly Mick Billing in one of his recent interviews on Proactive mentioned price range of 12-20 cents. Will try and dig out more info on timing of ASX listing if I can.

near term news flow: (1) Kapunda - Resource Update (imminent) (2) Molyhil - Upgraded DFS in current quarter (Q1 2018) The Company is updating capital and operating cost estimates with an objective of further cost reductions and positively impacting mining and processing economics;

4p could break today en route to 5p

1. Pilot Mountain 100% Nevada (USA) 2. MolyHill 100% (Australia) 3. US Lithium (20.83%) USA - soon to be listed also on ASX 4. Spring Hill Gold project � Royalty Income @ $14 per Gold ounce 5. Western Shaw: 75% (Australia) 6. Kapunda Copper: 45% (Australia)

US$1.47B combined valuation is just for Pilot Mountain & Molyhil (at current commodity prices). Would expect Upside revision to the US$1.47B based on higher prices forecasted for 2018 on supply crunch & production cut issues from China.

in less than 2 hours........WOW

At current prices: * Tungsten = $31,500 / tonne * Molybdenum = $27,200 / tonne (1) PILOT MOUNTAIN (Nevada, USA) * 32,720 tonnes @ $31,500 /t = $1.03 Billion (2) MOLYHIL (Australia) * Tungsten: 10,200 tonnes @ $31,500 /t = $321m * Molybdenum: 4,300 tonnes @ $27,200 /t = $117m Combined valuation for Pilot Mountain & Molyhil = US$1.47B Current MCap �22m ???

RNS out on MTR board so far, NOT yet on THR. Delayed notification of increase in THR Holding by MTR. Lot of folks not aware yet.

https://www.barchart.com/stocks/quotes/THR.LS/opinion 100% BUY rating. From short-term to Long-term.

is NOT valued at 3.75p a share. More like $2.25 a share (based on 622m shares). Huge disconnect in the market and MTR taking full advantage here. EXCLUDES valuation for other assets. Combined asset valuation would be closer to $2B. (over $3.00 a share).

soon

On market purchase � Thor Mining Metal Tiger plc (LON:MTR) is pleased to announce that it has purchased on market, 5,750,000 shares in Thor Mining plc (LON/ASX:THR �Thor�) at an average price of 3.25p per share. Metal Tiger�s holding in Thor is 67,100,000 representing 10.87% of the issued share capital in Thor. Think MTR know where the price is headed in coming weeks/ months ahead and looking to accumulate as many at these low prices.........Follow the Money.

Craig Agree. I will certainly be looking to add more on any dips. I like Andrew Neal. Smart investor.

Jordan, People have different time frames associated with mid-term price forecasts. My own guess soon as the warrants overhang is cleared, price might breakout towards 25p within 3 months and 50p within 6 months. Also keep a track of Noble groups debt re-structuring. Quick deal there might result in hitting 50p lot quicker. In my opinion only. Dyor

With Chinese planned crackdown & shutting of mining operations in some areas, Tungsten supply crunch so far has already resulted in mini spike in prices. Situation could become worse in 2018 as China is currently biggest producer & biggest consumer at the same time. Next biggest consumers of Tungsten are USA, Europe, and Japan followed by others. With a sharp fall expected in Chinese production of Tungsten, demand is looking to far outstrip Supply leading to big spike in Tungsten prices. We might see 2012 peak price of $54 per Kilogram breach in 2018. With low costs associated for both Pilot Mountain (Nevada) and Molyhil (AUS), profitability should jump massively soon as both assets come online sometime this year. * Pilot Mountain: cost $8 per Kilogram * Molyhil: cost $11 per Kilogram Thor expects to produce 1000 tonnes per annum just from Pilot Mountain Tungsten asset.

Olderandwiser, Good work. Thanks for taking time out re warrants. Additionally there seem to be some o/s warrants at C$0.15 (15 cents) and 150k of them were exercised on 25 Jan. Also not sure how many warrants are with Talaxis ?

https://www.reuters.com/article/thormining-tunsten/thor-mining-upbeat-on-nevada-tungsten-project-after-price-rally-idUSL8N1MK5L8 * Tungsten prices just below $40 per kilo versus $54 peak * Cost price ranges from $8-$11 per kilo LONDON, Oct 11 (Reuters) - Thor Mining hopes to capitalise on a 50 percent rise in tungsten prices to nurture a discovery in the U.S. state of Nevada and bring online a more advanced project in Australia, its chairman said. Tungsten, used to strengthen steel, last shot to prominence in 2012 when prices hit $54 a kilogram. After falling to less than half that during the commodity price crash of 2015-16, the price has rallied by around 50 percent this year to nearly $40 a kilogram. TUN-FERRO-LON. Mick Billing, executive chairman of Thor Mining, said the Pilot Mountain tungsten project in Nevada was going to be �quite a monster,� with five-to-ten years life as a low-cost open pit and at least 15-year underground life after that. On the basis of drilling results published this week, he said it could produce an estimated 1,000 tonnes per year, or 1 percent of the world�s tungsten market, and at today�s prices would be worth around $1.4 billion.

I am just amazed at the unbelievable LOW current MCap ? Just total Tungsten JORC Resource for both Pilot Mountain & Molyhil estimated at around $1.8Billion at current prices. EXCLUDES valuation of other deposits: * Molybdenum * Lithium assets * Western Shaw * Copper, Nickel & Cobalt resource estimates. With Commodity cycle now firmly on the UP, all Thor deposits should command a very significant Premium and already extremely profitable at current market prices. 3.5p share prices is a total blinder while it lasts. Won't stay low for too long in my view. Fully expect this to explode in coming days / weeks firmly to the Upside.

Mick2 Talaxis will arrange project finance through their Global contacts. For that they will get additional 26% stake in MKA taking it to total 75% equity leaving 25% Free carry to production for MKA shareholders. REE prices are rising due to global supply shortage. It would be in Talaxis interest to get project funding in place also to qualify for the additional 26% equity interest. Songwe Hill will be very valuable in coming years. Talaxis invested in MKA after proper due diligence. Warrants churn near term might suppress share price temporarily but provides low entry price at the same time.