re: Ann: Clarification - Share Placement Anno... Thank you for your informative input JHBarnard.
At $34/Oz defined Gold for an explorer, THR's current SP only reflects Springhill's defined 274,000 Oz JORC gold.
274,000 Oz x 34/Oz = ~$9M >>> Divided by number of outstanding shares of 761.48M shares = 1.2c/share
At the current price, THR is definitely worth a punt. Any upside in Springhill, Dundas or Molyhil could INCREASE the company's value.
Even if we don't hit a jackpot instantly, If management could slowly prove & increase the deposit size at Springhill (i.e. increase the current 274,000 Oz JORC), THR could be worth a lot more than it is now.
Just MO
Kiddo
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