english translation

Here is the English translation from Thor-Minators post last night...

Gaps filled? New targets soon.. Cheers TCG


Uranium rocket with cash-flow buffer?

Reader of the article: 2430 On the Invest of this year 2007 in Stuttgart I spoke also with representatives of Thor Mining (WKN A0LA4Z). Since the course in the point doubled itself to our recommendation nearly. That might not be however still for a long time the end of the flag bar, although the course appears at short notice something overheated. The special at Thor Mining is the possibility in a visible period of generating a positive cash-flow. With the Molyhil project (molybdenum, tungsten) a final feasibility study already exists. This proceeds from an annual production with 300.000 tons material over 44 months. The operational costs would amount to 94,20 AUD per ton. The capital costs are rated on 45,5 millions AUD. The fair abdiskontierte value of the Molyhil project is with 88 millions AUD. Thus production would be also profitable with clearly lower world prices of molybdenum and tungsten - without the Expansionspotenzial obvious thereby to consider. The occurrence becomes estimated according to the Australian JORC guidelines on approximately 2.4 million tons with a 0,8%igen mixture from tungsten and molybdenum. However only mineralizing into a depth was considered by 120 meters. Recent exploration work proved however that this mineralizing up to 250 extends meters deeply! Further drilling work is to extend the life span of the mine. Since the project is quite visible and uncomplicated, Thor Mining might be able to start production now in the first quarter of the yearly 2008. In the middle of March 2007 signed Thor Mining with the Chinese company Hunan Nonferrous Metals of getting thing Group CO, Ltd. (HNG) a declaration of intent regarding the tungsten molybdenum main project Molyhil. This agreement was locked after the sifting of the final feasibility study by the Chinese company. HNG has now by 15 April 2007 time to lock the Due Diligence examination. In order to agree upon the concrete details and an acceptance contract finalisieren, both enterprises set themselves one period up to the at the end of of April 2007. HNG is so-called a dominating the market producer of non-ferrous metals and "minor metals" in China. Beyond that HNG possesses world-wide largest tungsten as well as bismuth occurrence, in addition, the largest antimony and zinc metallurgical plants in China. In addition HNG is a world-wide largest producer of tungsten carbides. HNG is also an important producer of lead, silver, Indium, Tantalum and niobium. HNG has its head office in Changsha in the Chinese Hunan province and is large shareholder of the quoted Hunan Nonferrous Metals corporation Limited, which has at present a stock exchange value of over 2 billion USD. Beside the Molyhil project investors keep the Blue Sky Potenzial of the uranium projects quasi free from Thor Mining as Sahnehaeubchen to on top. These lie in the northern territory with a total area of over 3,000 square kilometers, whereby a set of promising drilling goals were already identified. With some projects became already in former times rock samples with high uranium content (3 per cent!) found. A further plus: one does not have to be annoyed with the natives. RESULT: With the Molyhil project one might become m.E. shortly with the Chinese commercialunited and tie an acceptance as well as financing package. The prices relevant raw materials move in the correct direction. Thor Mining has besides sufficient capital, in order to advance its other projects aggressively. In addition also the detailed investigation of the uranium projects belongs. Shortly we count here on fresh results. If these are only approximately so spectacular, like today of pan the African Mining reported results, then that might entail a course thrust. In a Investment in Thor Mining have to speculate to investor a good possibility on the positive development from uranium to. Owing to the lining up positive cash-flow of the Molyhil project the risk is visible. The stock exchange value of Thor Mining is with approximately 24.7 millions euro. That is not yet too much. We confirm therefore our purchase recommendation for the share of Thor Mining (WKN A0F48F) and increase our course goal from 0,24 euro to 0,35 euro to view of 6-9 months. Pull your stop course tight mental. The share can be acted expenses-favorably in Frankfurt. Buying orders please strictly limit. Karsten shrubs is editor-in-chief of the raw material stock exchange letter "global profit Scout". Our independent expert team is world-wide for you on the hunt for promising raw material enterprises, which give high net yields to our readers. We discover underestimated shares usually very much in former times as other market participants, since we have our ear at the pulse of the market. We rely on an extensive network in Europe and North America.