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Bullboard - Stock Discussion Forum Thundermin Resources Inc TUDMF

GREY:TUDMF - Post Discussion

Thundermin Resources Inc > Rambler says---
View:
Post by warant on Jan 18, 2014 4:54pm

Rambler says---

the only way that the LD/WB gets to production is Rambler being owner, operator.
  So taking into consideration this info what will THR be doing when we wait for Rambler to drill this out and do a new PEA based on their numbers...

Any idea what the buy out price could possible be after this round of drilling and new PEA???

Cheers
Comment by Michu on Jan 20, 2014 11:03am
Video:......They're going to squeeze us the same way THR tried to squeeze CornerStone. Not a very cordial start up relationship comment between partners. THR needs money, no doubt there, but to have a partner try to literally steel the territory is a little presumptous on their part. I hope it doesn't come to this and that a fair offer is made down the road. What THR is worth is anyones ...more  
Comment by phoenix_trader on Jan 21, 2014 8:25pm
one Small problem. Thundermin is the operator and controls the program. Rambler can posture all it wants but the boys at THR are in the drivers seat. I expect that THR shares are now very tightly held by folks who have watched events through the last decade, no nervous nellies here.
Comment by warant on Jan 21, 2014 9:14pm
pt-- The problem being is that THR had an agreement with CGP and both companies had different objectives THR wanted a mine and CGP just wanted the cash. But now we have a RAM a mining company who wants the mineralization and THR who wants to be a mining company. I agree that THR is running the show for now but what happens after this round of drilling. From the agreement THR has to do a ...more  
Comment by phoenix_trader on Jan 22, 2014 1:01am
What happens after this round of drilling is a new resource figure and a pre feas using a Cu price determined by the consultants. Again, Rambler gets operator status if it is acceptable to THR, no more no less. So far THR has raised the cash needed and the junior market is showing some signs of life. Ramblers mill is a long way from Little Deer. Duck Pond ceases ops very soon and the mill may be ...more  
Comment by warant on Jan 23, 2014 7:41am
pt-- You may be right on Ogilvie over simplified his place in this jv. THR has raised the cash all right mostly because Rambler is now their jv partner. It do seem that the market is showing some signs of life. As for operator status I don't think that THR will mind RAM being the miner if the price is right. Rambler mill is a long way from LD but you have to take into consideration that ...more  
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