site preparations very active for drilling, page-3

  1. 4,030 Posts.
    Pokerface,

    Sorry that I shut down midday Friday to go sailing; I missed your question.

    Here is my simple logic to justify a potential $5 per share for Thor.

    First, p3 of the half-yearly report gives us an NPV of $88 million for Molyhill on $US 20 /lb of moly and $US204 /mtu for tungsten.Using today's prices for both and mindful of the 130 million share on issue, $1 per THOR share looks very sensible.

    Second, the uranium prospects of THOR are some of the best in Australia. Harts Range has at least 3 VERY good prospects, and Bundey River, Hale River-Plenty Highway all appear relatively low risk for an important discovery.

    Now, you can see PDN capitalised at almost $1 billion, and I have placed potential estimates of $500 million on the value of the prospects which MIGHT give 6 new mines for Thor. Pladin and other Uraium companies are most likely to be interested in bidding for THOR if JORC reserves evolve from inial discoveries. C
 
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Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $6.397M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $16.69K 1.854M

Buyers (Bids)

No. Vol. Price($)
4 723421 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 3184390 6
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Last trade - 14.29pm 21/07/2025 (20 minute delay) ?
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