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Thor Mining - Capital Network: Poised for Development

Published: 15:21 26 Jun 2017 BST

Thor Mining (THR.LON) is an exploration and development company with an advanced tungsten/molybdenum project poised for development; and exciting lithium and tungsten exploration projects. Thor is listed on the Alternative Investment Market (AIM) in London and the Australian Stock Exchange (ASX).

Executive summary

Thor’s (THR.LON) current cash position is ~A$2m, we understand that -  with the heavy drilling spend at Pilot Mountain – the company will probably burn ~A$2m this calendar year, which suggest there may be financing required before calendar year end. We note the company also holds a royalty stream over the recently their recently sold Spring Hill Gold project, and if production were to begin this would obviously offset some of the cash drain.

What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points
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