George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
For me it's always been the the enviro copprter play, which is mostly fully funded via the AUS govt.
230,000 tonnes and counting if I recall right.
2021 is going to be interesting.
Everything else is a bonus.
As is the gold at Kapunda.
Dyor
merry Xmas.
And no it won't be 2p by Xmas.
Too many rampers and derampers, when the actual figures and work speak for themselves.
PILBARA GOLDFIELDS RAGGED RANGE PROJECT
SIGNIFICANT MAGNETIC TARGETS IDENTIFIED
The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to advise of the
identification of a number of significant magnetic targets following the interpretation,
of the Airborne magnetics survey flown in October 2020, at the 100% owned Ragged
Range Project in Western Australia.
Key highlights
• Sterling Prospect, identified as the principle initial target, is approximately five
kilometres long & between 300 and 500 metres in width;
• Anomalous stream sediment gold assays (up to 2.2g/t Au) clearly related to the
structural contact of the Euro Basalt and younger Dalton Suite, at the Sterling
Prospect. Gold present in streams confirms that gold mineralisation occurs very
close to surface. (ASX/AIM: THR 1 December 2020);
• Three isolated, strong magnetic anomalies highlighted on Figure 3, have no simple
geological explanation in the magnetics. These are priority targets for follow-up;
• The Ragged Range area is structurally complex with many phases of folding and
shortening of the prospective Euro Basalt. This leads to the creation of space,
significantly increasing the potential to host gold mineralisation.
I haven't seen any reason to sell over the past month.
I've topped up when it dropped and the5% daily drift while Mtr sell at a profit doesn't bother or concern me.
There is news on the horizon and money in bank.
Dyor.
Soon be Xmas.
Gla
Was hoping for a bit more info re pilbara and the recent increase in acreage.
Reread black cats posts on hotcopper - now hidden off main topics... Which does hopefully ad creadance to it now being inner circle stuff.
Time to settle in and see what happens in the coming months.
Definitely won't be worrying about it drifting down or up on no info.
Gla.
At this juncture, I can't see what the negativity is about. The copper purchase was cheap, targets mostly already identified and the money is already there from the govt to finance Enviro C to crack on.
The purchase of adjacent tenements in Pilbura makes sense... So long as there's gold and good targets to drill. A jv is what we need.
This won't be a turnaround and 10x in a week or month, but hopefully will make for an interesting year ahead.
Fingers crossed.
If you don't like the wait or feel it's a dud, we'll there's other shares to invest in.
There will be more placements, but not everyday, everytime there's an rns that isn't the one you were expecting.