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 > wow!

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Comment by Goldenboy1180on Aug 10, 2021 7:04am

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Post# 33677005

RE:wow!

Financing ? What for ?

As Segun specifically said, they will build that second mine with the profits generated from Segilola.

Of course, with the recent plunge of Gold price (and assuming the actual price level will stay that low or even get a little lower) , it may take a little longer to generate enough cash flows to do so.

However, every producer will be in the same boat in that hypothetic situation, and only the most profitable ones will prevail.

With an AISC lower than 700 USD/once, I strongly believe that Thor will prevail.

GLTYA

Goldenboy

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