"Thor today is trading at a near all time low (and for a junk share is at a fair price.)
Thor has approximately £40m npv on its (contaminated tungsten that nobody wants) Molyhil asset with a drill program to (yet again) extend resources, they have also found ways to save costs by reducing energy costs by 30% using solar and diesel increasing the project economics (and still after all this nobody wants the Molyhil tungsten....mmmm....maybe its just not worth the effort?)
They have between £800-£900 (eh??) incoming from the sale of Spring hill by February, (enough to keep Billing in wet wipes and pay for drill bits.) (maybe that's the business to be in?)
Metal Tiger will own 14% of Thor and have bought all over 0.025, (whereas many private investors are in at much higher price, 1c, 2c, 3c!!! and have all but given up their investment and not 1 single word of contrition or apology from Billing!!!!)
Paul Johnson (of Metal Tiger) will joining the board and will not be taking a salary (cos they couldn't afford to pay him anyway) and has taken options at 0.05 more than 100% todays SP. (whoopy doo!)
They are looking at other projects too (ha ha), so imo this is looking (the right price for a junk share that will pretty soon have to sell another asset to keep the gravy train going.)
unreal...
THR Price at posting:
0.1¢ Sentiment: None Disclosure: Held
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