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 > Bid/Ask

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Comment by ABDPhilon Jan 31, 2022 2:24pm

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Post# 34380034

RE:RE:RE:RE:RE:Bid/Ask

Anyway, the fundamentals of THX have greatly improved recently. Consequently, there is no reason to worry about this volatility, which can be attributed to several factors.

Gold is still a preferred sector and will be for many years to come.

For THX, the operating margin is still in a variable state, as is the cost of debt. When this information will be revealed in the next financial statements, I envisage a first participation if it is satisfactory.

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