philboy1
21 Nov 2017
Some figures: Hi all, on the 29 Sept 17. Mr billings told us on, You tube, that we have 32,000 tons of Tungsten worth $31,000 / ton.= $992,000,000.( over 2yrs.) nearly a Billion$. (This for the Pilot Mountain resource) At Kapunda Copper resource 8 -10yrs. mine life, producing 6 - 8,000 tons / year. @ $6.5k. - $8k./ ton. = $49,000,000 / yr. and $441,000,000 over life of the mine.There is the new acquisition of a Gold resource and other projects for which i haven't any numbers for!All in all a very nice Asset base which is now, at last, being commercialized! On just the above figures the s.p. should be: c $1.5 billion divided by .5 billion shares. 3pregards to all, pb1
gaia's kidney
21 Nov 2017
Proactive "Thor Mining jumps as potential US$1.5mln Pilot Mountain liability reduced to US$125,000Share 22:42 21 Nov 2017Thor Mining has revealed a step forward in commercialisation of the Pilot Mountain tungsten and multi-commodity project in Nevada.Thor Mining is continuing its proactive work programme at Pilot Mountain tungsten and multi-commodity project in NevadaThor Mining PLC (LON:THR) (ASX:THR) saw its shares jump today after it revealed a significant step forward in the development and commercialisation of the Pilot Mountain tungsten and multi-commodity project in Nevada.Upon the acquisition by Thor of Pilot Mountain in 2014 from Black Fire Minerals Limited, the project company acquired had an existing obligation to pay Pacific Gold & Royalty Corporation - a previous owner of the project - an amount of US$1.5mln (approximately £1.13mln) on commencement of production.WATCH: Thor Mining weighing up exciting potential new project in the PilbaraHowever, Thor said, following commercial negotiations, this $1.5mln potential liability is now being settled for US$125,000 (approximately £95,000) by way of an immediate cash payment by Pilot Metals Inc., one of the company's subsidiaries, to Pacific Gold & Royalty Corporation.Mick Billing, Thor’s executive chairman, commented: "We are very pleased to be able to settle this future debt at just over 8.3% of face value, which we believe is a great outcome for the Company and its investors.""The payment will be funded from existing cash resources and is not expected to change our expectation that we will be fully funded based on current planned activities until 2019."He added: "The company is continuing its proactive work programme which we anticipate will deliver news in respect of each of its key interests at Pilot Mountain, Molyhil and Kapunda and also in respect of work assessing further project opportunities, including in the Pilbara region of Australia."In reaction, Thor share has risen by over 14%, or 0.28p higher to 2.20p by 11.20am."Jon Hopkins[link] £ gainer for me this year by some margin. More to come.GLA.GK.
elsgly
21 Nov 2017
Re: And All sounding very good, being fully funded must in its self be good!
nat-king-coal
21 Nov 2017
And We are off
rbnbanks
20 Nov 2017
Holding and hoping [link] look like any news before agm
gaia's kidney
18 Nov 2017
Re: PJ on Twitter Hi Larry. Lot of 'flagging' on Friday re Kapunda by PJ, expect RNS on that one v soon IR.I think that project can be taken to a salable or JV development position quite rapidly.....and with copper looking to be on a bit of a bull run of late, it could also be worth some top dollar.GK.
Larry_the_Lock
17 Nov 2017
Re: PJ on Twitter FE Investegate |Thor Mining PLC Announcements | Thor Mining PLC: DEVELOPMENT ASSESSMENT PLAN-KAPUNDA COPPER PROJECT [link]
Larry_the_Lock
17 Nov 2017
PJ on Twitter From #THR RNS "Kapunda is not an exploration project where we hope to find mineralisation. The presence of copper is well documented...."
karl2991
15 Nov 2017
Re: target i am doing fine mate , retired for 3 years now and never looked back , Got some good shares in PF now lol
rbnbanks
15 Nov 2017
Re: target hahaha........ hope your well, mate
gaia's kidney
15 Nov 2017
RNS today Warrant exercise with comment from MB on funding position:"The money from warrant and option conversions, when added to the funds raised during the recent placing (partially conditional upon shareholder approval at the forthcoming AGM) has provided additional funds in excess of GBP1.3million in recent weeks. This, the directors believe, based on current planned activities, is sufficient to fully fund the business through the remainder of 2017 and all of 2018.""Financial self-sufficiency is vital, and Thor is now in a very fortunate position. We would like to thank our shareholders for their support in recent times. Shareholders commitment, and the determination of the Thor team to push ahead aggressively, have enabled us to reach the position where we can focus on commercialisation of our key business interests and the search for additional high impact Australian exploration opportunities including certain opportunities in the Pilbara region."GK.
elsgly
10 Nov 2017
Cheap shares Good to hear Paul Johnson is buying so many shares as long as he can’t just sell them all straight away making a huge profit and sending the price back down. Who exactly is selling, we nearly touched 2p. Does anyone know the rules for his share buy and warrants ?
karl2991
10 Nov 2017
Re: target Told you it would come good in the end , lol
elsgly
09 Nov 2017
Re: Encouraging signs Not much difference between £ and $ but a million is a good amount to start getting stuff out of the ground!!!
philboy1
09 Nov 2017
Re: Encouraging signs i beg your pardons, lol. It is better than i thought £1,000,000, not dollars in the bank.
