Thor Explorations Ltd V.THX

Comments on the Q2 financial statements

[ABDPhil]

THX rose to the challenge for this quarter. As mentioned earlier, they had to focus on mining the richest ore (average of 3.66 g/t), and set aside the poorest ore (average of 1.46 g/t). Consequently, the profits are satisfactory. Now the question to ask is: Can they keep up this pace?

 

While this method has overcome the financial challenge that prevailed, it must be understood that the quantity of richer ores is depleted more quickly and that the production capacity of the current plant cannot make profitable the stockpiled ore of 1.45 g/t. Therefore, the operating mode of T3 should be similar to T2. Otherwise, THX's financial situation will become increasingly complex.

 

In summary, THX's financial situation is dependent on the maintenance of the gold grade of ~3.63 g/t, the quantity of gold ounces produced and the POG. Rigorous monitoring of debt reduction could make it possible to anticipate pitfalls, such as opportunities.

 

Considering the few possibilities to improve its results and the little collaboration of the POG, the SP seems adequate to me at the current level.

[Goldenboy1180]

Well, thanks Phil for all that precious time of yours, not spent on your dear RBX, but rather on a corporation you clearly don't believe in at all. If I understand well (which is impossible as you are SO intelligent), you're trying here to demonstrate that... we're screwed in advance ? In other terms, Segun Lawson, an Engineer that graduated from the Royal School of Mines (with

[ABDPhil]

You're not screwed, I was more nuanced than that.   Our discussions could be more constructive.

[Goldenboy1180]

That's exactly my point. Even if Thor is doing very positive things, the best you could provide is some twilight zone comments. Just like this one : "...otherwise THX's financial situation will become increasingly complex." What's that supposed to mean ? Do you think you sound positive or constructive by saying that kind of affirmation  ? Segun mentionned at least

[ABDPhil]

My analyzes are based on the results contained in the documents published by Thor and my conclusions are dependent on these results. In no way do I consider these efforts a waste of time.   In 2022-Q2, Thor earned revenue of US$41,354,747 from the sale of 22,172 ounces of gold, giving an average sale price of US$1,865 per ounce. The profit obtained is US$6,163,942, or a margin of 14.9%.