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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 12, 2022 9:20am
65 Views
Post# 34307319

RE:RE:RE:RE:RE:weird

RE:RE:RE:RE:RE:weirdWhen I was younger I was much more reckless. As this is no longer the case, I am working very hard to find companies that respect the level of risk that I am willing to assume.

For my part, the next 2 publications of financial statements will be necessary to obtain some additional guarantees. If my criteria are met, I will probably invest some money in it.

When it comes to the price of gold, I avoid asking myself too many questions. Therefore, I will never justify an investment with a likely rise in POG. I prefer to stick to the current value. On the other hand, I like to protect myself from a drop in POG by selecting companies that have a lower cost of production than the industry average. When things go wrong, I prefer companies that make small profits while the majority lose. THX may be one of those companies.

Regarding very large caps such as ABX, I find these companies too difficult to analyze. I probably have some of these shares in some mutual funds and that's fine with me. In short, I prefer to focus on what is understandable.

In the short term, I don't want to forecast THX's SP. And to make a longer term forecast, more information is needed. If the financial results for May are decent, I am confident that opportunities will present themselves.
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