THB 2.94% 3.3¢ thunderbird resources limited

Ann: Quarterly Activities Report, page-15

  1. 211 Posts.
    lightbulb Created with Sketch. 21
    (Sorry the table in the previous post didn't copy over correctly).

    So comparing VAL to MOD,

    VAL Ore reserves: 350kt Cu, 127 MOz Ag
    MOD Ore reserves: 218kt Cu, 7.1 MOz Ag
    1) Both companies planning to do open pit mining,
    2) Both mining locations appear to be similar distances from port
    3) MOD - Botswana, Africa VAL - Peru, South America
    Peru has arguably much less sovereign risk than Botswana
    4) VAL also has Zinc and Manganese
    MOD is obviously more advanced on the exploration to production journey and the VAL valuations will depend on the ore recovery ratio, but I honestly have never been more confident in a stock.
 
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