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Thor Explorations Ltd V.THX

Alternate Symbol(s):  THXPF

Metals & Mining Gold
Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. The Company’s flagship project is the gold producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project is a gold exploration permit, E02038, which covers an area of approximately 58 square kilometers (km2) and is located within the Kenieba inlier, eastern Senegal. The Company also owns approximately 85% interest in the Douta-West Licence which lies contiguous to the Douta Gold Project and over 80% interest in the Sofita Licence located approximately 20 kilometers (kms) south of the Douta Gold Project.


TSXV:THX - Post by User

Thor Explorations Ltd > NR or... information ?
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Comment by stockpunteron Jun 13, 2021 12:33pm
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Post# 33379311

RE:NR or... information ?

RE:NR or... information ? I am pretty happy with my small investment.  I nearly doubled my money as I got in at the low 20's a few months ago.  However, I'm not totally enthusiastic going forward.  They restated a June first- pour in the latest presentation, dated just a few months ago.  Also, the current market cap is not too far off the NPV for the worstcase price-of-gold.  Sure, they might find more gold locally, and gold price might stay higher, but those are unknowns. We  got from .20 to .40 on anticipation, now we need a profitable mine working as planed to go from .40 to .60??

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