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I know sweet FA about Thor Mining (THR) other than its CEO knows a lot about snakes from his time in the field. And that is it, so I make no comment about what follows other than to say that in this private email sent to the chosen few the broker has not held back and has used very un-broker-esque language. He opines:
Thor Mining (THR) has just issued a release saying that its CEO has recorded an interview with Zak Mir for the lamentable t1psTV. Jesus wept: like it thinks we care? But there is something that CEO Mick Billing is not telling anyone tempted to buy into this rampfest.
Tungsten and molybdenum play Thor Mining (THR) is poised for a busy autumn, after sealing its $1.675 million (£1 million) all-share takeover deal for the Pilot Mountain tungsten project in Nevada, as it also awaits an updated feasibility study on its flagship Molyhill tungsten and molybdenum project in Australia’s Northern Territory. Provided shareholders of Pilot Mountain’s vendor, Black Fire Minerals, approve the takeover next month, AIM-quoted Thor will start work establishing a resource at Pilot Mountain, having by then possibly added as much as 36 per cent more tungsten and 60 per cent more molybdenum to Molyhil’s present ore reserve Down Under of three million tonnes with 0.31 per cent tungsten W03 and 0.12 per cent molybdenum.
Mick Billing, executive chairman of South Australia-based Thor Mining (THR), claims the company could have its near-five million-tonne Molyhil tungsten and molybdenum project, in the country’s Northern Territory, in production by the end of next year. But first, he explains Thor must prove its ore-sorting technology can significantly enhance the economics of the project and then, with an AIM value of no more than £3 million, coax some £40 million from investors, financiers and/or prospective customers, for the capital expenditure required.
AIM and ASX listed Thor Mining (THR) is a mineral and Development Company with an advanced tungsten/molybdenum project poised for development and exciting precious and base metal exploration projects. A £3.2 million market cap does not discount this.
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