RE:RE:RE:RE:RE:RE:Wow!
Snowshoedb,
Thank you very much for your time and very appreciated posts.
The way you calculate and see mining projects and stocks make a LOT of sense.
Hope you won't mind, I've copy and paste your two last post on the London South East share chat on which you could find people with similar minds and level of intelligence, dedication about stocks.
https://www.lse.co.uk
One of the post there named ISA Investor is investing a lot of his time to share his comments and knowledge about THX like you, maybe you could find there some great interactions to have with him and others like Chique, Raxfactor, and me.
I would like to ask you about some of your last post, you were recently mentionning that Thor would generate 100M$ worth of cash flow in 2023.
Were you thinking about FY2022 instead, or was it really 2023, because one of your previous post mentionned you would stay in THX until this fall season coming, and get back at the end of 2023, as the company will generate less cash flow during that year (probably from gold recovery, debts repayments, etc).
I could find corroborating information in the THX share valuation released by Hannam & Partners (released in April 2021), illustrating 131M$ of free cash flow to be generated in 2022, compared to 80.9M$ in 2023, before reaching back high level in 2024 with 187M$.
Also regarding that valuation, we are so late and far from what we should be at, I just don't understand why THX is valued so low... I may understand to a certain level the inherent risk associated to the Country Risk, but gees, I beleive that Nigerian Government is doing A LOT to change people and investors perception of that risk. There is more risk at my eyes in MALI with the Wagner Group coming by to rules things in their ways.
On a more positive regards, can you provide some of your thoughts on your valuation and on the possibility that THX could be bought by a big player like Barrick, if they do the same calculation and risk assesment you've made ?
Thanks again and you all have a great day ! (except StockPunter ; ) )
Goldenboy