Thor lebt noch... ;-)
Sehr geehrte Leserinnen und Leser,
Thor Mining, WKN A0LA4Z, www.thormining.com
Es ist schon eine ganze Weile her, dass ich das letzte mal detailliert auf Thor Mining eingegangen bin. Aber nun gibt es einen Anlass für eine Spekulation der Sonderklasse. Letztes Jahr um die selbe Zeit stand der Kurs bei 0,34 Euro, denn Hunan Nonferrous Metals Holdings stand im Gespräch die komplette Molybdän/Wolfram Lagerstätte, genannt Molyhill, kaufen zu wollen, besser gesagt, dass unverarbeitete Erz der Lagerstätte.
Die Verhandlungen fruchteten nicht, da der Umfang der Lagerstätte zu klein sei. Anleger wurden ungeduldig um man sieht was ungeduldige Anleger bewirken. Der Kurs sank bis auf 0,06 Euro.
Doch nun kommt wieder wind in die Aktie und die Phantasie kehr zurück. die Aussage von John Joung, dem CEO von Thor Mining ist klar, dieser Käse ist noch nicht gegessen, aufgegeben wird ein Brief und sonst nichts!
Übersetzung des hervorgehobenen Textes unten:
Nach vielen Besuchen in Peking und sehr vielen Verhandlungen ist John zuversichtlich, dass eine Übereinkunft in den nächsten Wochen unterzeichnet wird. Hunan denkt, dass die Lagerstätte möglicherweise zu klein sei aber die Realität ist, dass es nicht viele Wolfram Lagerstätten gibt, aus denen man auswählen kann. Molyhill hat eine Minenreserve von 2,15 Millionen Tonnen mit 0,49% Wolfram und 0,22% Molybdän und alles kann im Tagebau gefördert werden.
Thoir Mining ist gerade einmal mit 10 Mio. Euro an der Börse bewertet und kann bei Vertragsunterzeichnung einen jährlichen Cashflow von rund 116 Mio Euro erwirtschaften.
Resümee: Sollte der CEO die Unterschrift der Chinesen einheimsen können, dann wird die Thor Mining Aktie einen riesigen Schritt machen. Eine Verfünffachung und das Erreichen alter Höhen ist dann unabdingbar.
Thor Mining Waiting For Chinese Takeaway
By Rob Davies
Patience is a vital ingredient for small company manager and John Young, chief executive of Thor Mining, needs plenty. He told Minews that he is waiting to finalise the details of an offtake agreement with an unnamed Chinese company that will take the molybdenum and tungsten concentrate from his Molyhil deposit in the Northern Territories east of Alice Springs. This time last year his company all but had a deal with Hunan Nonferrous Metals Holdings in the bag, but the Chinese company pulled out in April 2007 after deciding that the deposit was too small. That meant the hunt for an offtake agreement had to start all over again. And after many visits to Beijing and much negotiating John is confident that an agreement will be signed in the next few weeks.
Hunan might think the deposit is too small but the reality is that there aren?t that many tungsten deposits to choose from. Molyhil has a mining reserve of 2.15 million tonnes grading 0.49% tungsten (WO3) and 0.22% molybdenum (MoS2), all of which can be accessed from an open pit. That figure was determined in August last year following an extended drill campaign which also increased the resource figure to 3.73 million tonnes at 0.51% combined tungsten and molybdenum.
While not massive, that?s not to be sneezed at and when you look at the potential return the numbers really get quite juicy. On a capital cost assumption of A$71 million and an operating cost per tonne of A$76, the project will generate an operating cash flow of A$116 million. Those numbers are based on a 400,000 tonne per year production rate and prices of US$32 per pound for molybdenum and US$240 per metric ton unit for tungsten, and factor in a 10 to 15 per cent discount for concentrate. The plan is to freight the concentrate by road to Adelaide then take it by sea to China where it will be refined. That might seem a long way to haul concentrate but at 51% it?s a pretty high grade and valuable material.
As soon as John gets the offtake agreement signed he will be out raising money to build the mine. Bearing in mind that Thor is only capitalised at £7 million that will be quite a task to undertake. However, he says he had offers before Christmas so he is optimistic. Almost as difficult is sourcing the equipment needed to build the mine, with lead times for some items stretching out two years. John has located a second-hand ball mill which could be refurbished in eight months and he thinks that the plant could be built in twelve months. One thing he will be doing is building in scope for a ten to twenty per cent expansion which could ultimately generate significant unit cost savings. As he points out, the mine plan at the moment is only for open cut, when in fact the additional resource could be exploited from underground.
Molyhil is the company?s most important project but it is also exploring for uranium in the Harts Range and at Bundey River not far from Molyhil. In the Harts Range it?s waiting on permission to do RC drilling at Daicos where it has a pegmatite prospect. At Bundey River an EM survey generated good targets and an RC drill rig is now required to get through the clay and test it. Interesting as these are, it?s the decision from China that John, and his shareholders, are waiting for.
Herzliche Grüße
Ihr Helmut Pollinger
bullVestor Medien GmbH
Gutenhofen 4
4300 St. Valentin
Österreich
Firmenbuchnummer: FN275279y
Geschäftsführer: Helmut Pollinger
Gerichtsstand: St. Pölten
Diese Emailadresse wird nicht abgerufen. Wenn Sie uns kontaktieren möchten: www.bullvestor.com
|
1 |
... |
14 |
15 |
16 |
|
18 |
19 |
20
Thread abonnieren
