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Thor Explorations Ltd V.THX

Alternate Symbol(s):  THXPF

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

Comment by ABDPhilon Jan 10, 2022 11:36am
67 Views
Post# 34300000

RE:RE:RE:RE:Thank you THX. Thank you market.

RE:RE:RE:RE:Thank you THX. Thank you market.
Your question about market reaction is relevant. Personally, I believe that it is still early days because this recovery of the situation can be fully appreciated in the financial statements for 2022-Q1, next May. Another point, the cost of the debt is still a little nebulous element because the financial arrangement of Thor is complicated to understand, as the effect on his financial results.
 
The gold sector is not currently popular and we have the option of taking the time necessary to think it over, or to wait for additional guarantees. At least that's how I operate these days ...
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