STTCOMP THX, FA LONG
(Thundelarra Ltd)
SP - 2.5c
MC – $15.8m
CASH - $7.0m
EV - $8.8m
SHARES ON ISSUE - 635,094,265
THX is currently drilling 2 prospects at the same time - one RC and one DD rig.
It was interesting to read and note that
Independent Investment Research (IIR) report
suggested that THX might be the next $SFR $TLM $BRB type runner!
Those 3 ran from:
5c to $8 (SFR);
15c to 78.5c (TLM);
6c to 76c (BRB)
The IIR report also suggests that
THX's results and geology to date indicate that we might have ourselves another Gruyere (GOR) deposit - that deposit is
6.2m ounces of gold!
Other points to note are:
- Crown Prince
historically produced 21,000 ounces of gold at an
average grade of 21g/t gold.
-
Next door to 2 processing plants that are hungry for ore
-
Drill results such as
80m @ 1.9g/t gold,
30m @ 2.9g/t gold, 7m @ 24.5g/t gold
-
SP currently at all-time lows with a bit of a base formed and 1st target being the gap at 3.7c
Even though THX is currently completely focused on gold, we might as well mention their
Copper which is a few hundred meters away from SFR's DeGrussa pit and THX was
previously valued at $94m MC and
$132m MC just on the Copper (7.05m @ 28.4% Cu, 1.3g/t Au, 32.2g/t Ag).
Anyway, I've probably missed some points but they should all be captured in the attached images.
Great risk/reward from these levels.
Attached is the related FA which has been extracted from THX announcements and research reports.
Link to another post that I did which has more info:
https://hotcopper.com.au/threads/su...ential.3748788/?post_id=27838725#.Wd3-kmhL-Uk
Cheers,
GB.
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