THB 8.11% 4.0¢ thunderbird resources limited

Ann: Positive Results from Berenguela Metallurgical Tests, page-33

  1. 1,190 Posts.
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    Regardless of the type of batteries in electric vehicles they gonna needs lots of copper in all those motors. Silver is used a lot in electronics and circuitry.

    The one thing we gotta watch is a takeover by some of the bigger miners around them over there.

    "In terms of nearby geological trends, the project is positioned where a copper-gold porphyry skarn belt merges with an epithermal gold belt, host to some substantial copper and copper-gold deposits.Six projects hosting a total contained copper resource of more than 13 million tonnes are operated by multinational mining groups such as Glencore plc (LON:GLEN) and MMG Ltd (HKG:1208).They virtually form a straight line from Las Bambas (7.7 million tonnes of contained copper) in the north to Buenaventura (7 million ounces of contained gold), south-west of Puno.In terms of proximity, the Berenguela project lies to the north-west of Puno, trending towards the southern end of the copper-gold belt."

    From this December 2017 article,

    "Positive drilling results featuring high-grade copper and silver intercepts were announced in the lead up to the October resource update.
    These results were the catalyst for an 80% spike in the company’s shares as they increased from $0.025 cents at the start of October to hit an intra-day high of $0.045 on the day prior to the resource update being announced.
    In what appeared to be a mix of bad timing, profit-taking and perhaps overly upbeat expectations from drill results, the company’s shares fell after the update.
    However, this has been under relatively low volumes compared with the heavy buying that occurred between August and September when the share price increased five-fold from $0.007 to $0.035."
 
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