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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 Feb 16, 2022 3:18pm
103 Views
Post# 34435018

RE:RE:excellent!

RE:RE:excellent!@Stockpunter: The SP of gold companies does not have to react to the slightest fluctuation in POG. For several companies, only one sale of gold is made per month. Consequently, the objective is to obtain the best price, but it remains an unpredictable market. The SP evolves according to several factors and the direction of the POG is one parameter among many others.

@Snowshoedb: Congratulations on the job you've done. Considering current mineral reserves, I consider your most conservative scenario to be also the most realistic. Nevertheless, I believe that the future of THX will be much more predictable when the Q1 and Q2 financials are released. The sum of operating costs, royalties and interest, could disappoint the most optimistic. Finally, I believe that THX must preserve its cash flow and consequently, the development of its other permits will be minimal. The search for new mineralized targets on Segilola must be prioritized.
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