Member Info for ShareSleuth

I've picked up another 30,000 shares this morning, as I was impressed with ALL the metrics moving in the right direction during Q3, lining up for what will be an amazing Q4, irrespective of all the other great news we're expecting...

Oh, and I almost forgot to mention, I picked them up quite a bit cheaper than I was expecting to pay; an absolute bargain!

MTL said that the final 1,300oz gold hedge has already been settled this quarter, and they have reiterated the full year's production guidance.

Assuming that this is met, that implies a minimum production of 19,870oz in Q4.

My estimates for this quarter, assuming the gold price stays around $4,000, and taking into account the 1,300oz hedged portion at $2,234 per oz, implies revenues of $77m, less $24m assuming an AISC of just over $1,200 per oz (it was $1,098 in Q2, the last quarter of normal production), leaves a profit for Q4 of approx $53m.

Well, thanks Mr Market for the cheap shares.

I've managed to pick up another 30k shares this morning sub 70p on the dip.

In Canada strong volume into the close again, reaching CAD 1.37 or 73p.

THX has closed at 64p in Canada this evening - that's a pretty impressive rebound of about 10%!

What's quite amazing is that our stockpiled ore is currently worth over $3,000 an ounce of pure tax-free profit to the bottom line, due to the only expense being feeding it through the processing plant.

Looking like gold might test $3,700 this morning!

I was an advocate of buybacks when the price was much lower, but not at these levels.

What I dream of is a 5 million ounce high-grade oxide discovery at Marahui and a rush to get it mined!

Well there it is, over $3,500 an oz!

Titus definitely headed into port now, and a couple of vessels heading out, so that'll be a big relief for Darren and the team.

Onwards and upwards!

Well spotted, Mr Smith.

Closed at CAD 1.06 in Toronto = 57p, and gold well in excess of $3,400 per oz!

Closed at 95c ATH in Canada this evening.

I completely agree lucky, there are several positives in that RNS, and nothing negative at all.

In the short term, at least, it probably doesn't have any effect other than Firering can maybe recoup a bit of cash from Ricca.

I've just picked up a few more on the drop, as things have generally taken a turn for the better I feel.

I strongly believe from all the evidence I've seen that Marahui will turn out to be an absolute monster - which explains why Segun is visibly excited about it.

He was actually asked a direct question about whether Cote d'Ivoire could leapfrog Douta, or words to that effect, and I sensed a noticeable pause in his reply, but no doubt felt obliged to give the answer the market expected.

Obviously they've been working on the Douta PFS for ages now, but I reckon Marahui has a LOT of ounces, at/near surface, over a long strike length and at high grades; as evidenced by rock chip samples up to 29g/t in the presentation, but I even seem to remember seeing another mention of 35g/t somewhere! Also, if there turns out to be a decent amount in the surface supergene layer it will be well oxidised and readily recoverable.

All IMO, of course.

Good spot, condor_forever, thanks.

There are a number of ways to put Thor's profitability into context.

Perhaps the most obvious one is it's in the top four!

However, if you take into account PROFITABILITY (after tax), it may be in the number one spot, as Thor currently pays no tax.

Another way is to say that if, after tax, it's about twice as profitable as tenth spot, it's equivalent to producing twice the number of ounces at the same margin as the tenth most profitable company. (Just a musing, not really a serious comparison, I know!)

However, I don't know because I have researched the other companies on that list, but I bet they're not on a p/e of 1.x, or whatever Thor currently are.

Following on from my previous post concerning the compelling reasons for switching focus to Mt Winter, there is a fourth reason.

I don't know that anybody's previously mentioned that there are three previously drilled well at Mt Winter, not just one.

Once the initial well re-entry has been drilled, if this is successful and flows gas, there are two other wells which can be, relatively inexpensively, re-entered/explored.

There are compelling reasons for drilling Mt Winter first, if that's possible.

1. If they have permission to drill, get on with it, hopefully without conditions attached.

2. As far as I'm aware, there isn't any weather-related destruction to repair, unlike at Hussar, saving both time and money.

3. The recent seismic results indicate only half the drilling required at Mt Winter (now 2600m->2900m=300m; was 2600m->3200m=600m), saving another load of time and money.

The Mt Winter rumour may or may not be true, but there's a couple of things that may suggest it 'might' be the case.

Firstly, Mt Winter falls under a different jurisdiction to Hussar, ie Northern Territory not Western Australia - and I don't know of any publicly visible website where the progress of Northern Territory applications can be monitored.

Secondly, I was sort of anticipating that this might be a scenario which plays out insomuch as the goalposts seem to have moved on Hussar, whereby everyone is now banging on about natural gas, which is a potential complication.

IF they get the Mt Winter permit from NT and they can drill it that's the way to go IMO.

THX closed at 45p equivalent in Canada this evening, so should rise a bit tomorrow, all things being equal.