THR thor energy plc
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Ann: Mineral resource Estimate Kapunda Copper, page-7

  1. DeReamer
    180 Posts.
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    12/02/18
    11:32
    Post #: 30990532
    I should also point out that 'Investment Industry rule of thumb' for valuing resources in the ground are usually circa 1%

    i.e. take for example a Gold company with a 1m oz gold resource (inferred) they will probably be valued by the market at c. $13m not the 'in-situ' value of $1300m

    valuing this Inferred Copper resource at 1% would give a value of $3.75m to THR not $375m
    THR Price at posting: 7.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.000(0.00%) 		Mkt cap ! $7.329M
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