THB 5.00% 1.9¢ thunderbird resources limited

discovery of a huge porphyry system, page-126

  1. 3,351 Posts.
    Agreed.

    I just had a read of the FNT reports and they are comprehensive to say the least. Management have to be given a thumbs up for transparency.

    But one thing that i had to point out...

    No true widths were revealed in the FNT drilling of just 4 holes. As such, other then the geology, location and anomalies, it is quite premature to indicate it to be a world class porphyry system. [even though PNG is noted to have copper-gold porphyry systems along trend].

    How does this differ from VOR's marketing?

    At the very least, VOR's drill intercepts do indicate a possible supergene systems with hits of 100m, 75m, 65m, 55m etc with grades in the 0.7% - 1.1% range. If those intercepts are proven to be along strike and depth, then that claim is verified.

    VOR have a much better claim towards a porphyry even though they obviously lack the copyrighting skills of other juniors. If VOR release an announcement similar to FNT's drill report in the next instance, the share price would be much, much higher.

    The response of the market to FNT's glossy report was also clear in their share price. That is, there were no visible gold nor copper in the drilling and that they intended to go deeper. Investors were not fooled...

    I prefer VOR's 100m drill intercepts anyday. And to think that they had not even hit the copper intrusives yet...Most of all, there is copper in VOR's projects. We just have to go deeper, along strike and do some scoping to see if its economic.

    The 4 drill rigs should give us some headway.
 
watchlist Created with Sketch. Add THB (ASX) to my watchlist
(20min delay)
Last
1.9¢
Change
-0.001(5.00%)
Mkt cap ! $6.119M
Open High Low Value Volume
2.0¢ 2.0¢ 1.9¢ $1.044K 53.61K

Buyers (Bids)

No. Vol. Price($)
2 281833 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 128335 4
View Market Depth
Last trade - 10.59am 17/09/2024 (20 minute delay) ?
THB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.