April 2008... Western Desert Resources takes major stake in Thor Mining, Mick Billing appointed chairman along with 2 other WDR board members.
Thor has 660k shares and... Uranium exploration at Hatches Creek, Hale River, Plenty Highway & Harts Range project. Tungsten & Moly at 'Advanced' Molyhil mine with no finance. Prospective Gold at Spring hill. Prospective Gold & other metals at Dundas.
Cash approx $1,800k in the bank.
Is NOT producing any income...but...spending plenty on administration...
May 2014... Thor has nearly 2 billion shares and... Hatches Creek, Hale River, Plenty Highway & Harts Range project - are gone. Tungsten & Moly at 'Advanced' Molyhil mine with LOI for 75% & still no finance. Proved Gold at Spring hill. Prospective Gold at Dundas but other metals option is sold off.
Cash approx $100 in the bank.
Is STILL NOT producing any income...but...spending plenty on administration...
Question: Would any of us still have a job if we performed as well as MB?
Sterling performance MB...sterling....you must be so proud of yourself...
MT
THR Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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