OAU - Ora Gold

[mr_delta]

Re: THX - Thundelarra Exploration

whats going on with the trades today??

surely cant be bot buying.

Last 10 trades before 4pm were:

37 3:55:10 pm 0.315 2 $1
36 3:52:37 pm 0.33 5 $2
35 3:52:37 pm 0.325 15 $5
34 3:52:01 pm 0.33 30 $10
33 3:52:01 pm 0.325 70 $23
32 3:51:31 pm 0.33 142 $47
31 3:51:31 pm 0.325 8 $3
30 3:51:05 pm 0.33 16 $5
29 3:51:05 pm 0.315 134 $42
28 3:40:55 pm 0.33 272 $90


that is very very strange. anyone have any ideas??

Looks like some kid investing his pocket money into shares !!!! LOL....very very strange....I had bought this share at around 40c & luckily sold it when it first hit around 60c or so. I wanted this to go into my bottom drawer but took profit instinctively. When I first studied it a few months back it looked very positive & as soon as I bought it, it was moving northwards. Will again re-enter around 25c or so....

 

[moneymajix]

Re: THX - Thundelarra Exploration

URANIUM DRILLING UNDERWAY

Thundelarra Exploration Ltd is pleased to announce that drilling
has commenced at its Frances Maude uranium project located
170 kilometres south-east of Darwin in the Northern Territory. The
5 hole, 500 metre reverse circulation drilling program is designed
to test the prospective carbonate/graphitic schist sequence which
hosts the Cleo uranium resource approximately 2 kilometres to
the east.

The first hole has been completed with approximately 80 metres
of sulphide bearing graphitic schist intersected. Testing of drill
samples with a hand held scintillometer identified a 4 to 5 metre
wide highly radiometrically anomalous zone up to 5 times
background levels.

The results from the first hole are very encouraging, indicating a
far broader graphitic schist horizon than expected along with a
good intercept of anomalous radioactivity. Assays for the entire
program are anticipated in 6-8 weeks.

In the East Kimberley of Western Australia a field assessment
program has been completed at the Spinifex uranium prospect.
Significant uranium mineralisation was located at the A1 anomaly,
approximately 1 kilometre east of the original Spinifex discovery
where historical sampling returned U3O8 values of up to 13.5%.
Ground scintillometer readings many times background level
were recorded at A1. Assay results from surface sampling will be
available in 4 to 6 weeks.

Also in the East Kimberley, an airborne radiometric survey has
been completed over the Carola Valley project, which is
prospective for vein-hosted unconformity related uranium
mineralisation. At the Kunderong project in the Ashburton region
of Western Australia Thundelarra has committed to fly a Tempest
airborne electro-magnetic survey. The Kunderong project is
prospective for unconformity related uranium mineralisation
similar to the Alligator Rivers Region of the Northern Territory.
The Tempest survey is expected to commence this month and is
designed to define and locate the prospective unconformity
horizon beneath a sequence of overlying sandstone.
Thundelarra now has 18 quality uranium projects Australia wide
and is rapidly expanding its exploration activities as more
tenement applications are granted, particularly in the Northern
Territory.

 

[drillinto]

Re: THX - Thundelarra Exploration

September 12, 2007

Thundelarra Breaks Its Duck

By Our Man In Oz
www.minesite.com/aus.html

No corks are popping yet in the offices of ASX listed Thundelarra Exploration, but there have been sightings of a delivery van from the local pub pulling up at the back door - a sign that celebrations are planned. The preparations are underway because Thundelarra is on the verge of joining the stampede of small Australian companies which have made the all-important transition from explorer to producer. A cocktail of nickel, copper and cobalt will be the first product from Thundelarra which is working with its partner, Sally Malay Mining, to develop the Copernicus project in the far north of Western Australia. First stage will involve a small opencut, possibly followed by a deeper underground development. For investors, the critical point is that Thundelarra is “breaking its duck”, with money coming in rather than going out.
Cash from Copernicus will be a useful fillip for Thundelarra’s expanding uranium exploration programme – though it must be said up front that the fact that the two companies have struck a mutually agreeable joint venture falls into the category of a modern miracle. It was only last year that Thundelarra and Sally Malay were at each other’s throats over disputed terms of technical studies into how best to mine Copernicus which is close to Sally Malay’s namesake nickel mine and processing plant. After a brief period of “loaded lawyers at 10-paces” sanity broke out and warring “friends” settled on a 60/40 partnership, with Sally Malay holding the bigger share.

The plan is to mine the near-surface ore of Copernicus in a lightning-fast campaign of less than a year. The ore, grading around 1.24 % nickel, 0.81% copper and 0.05 % cobalt, will be batch processed through Sally Malay’s plant, with processing expected to last 27 months and produce 6,500 tonnes of nickel in concentrate, plus 4,750 tonnes of copper and 220 tonnes of cobalt, with product probably sold to the Chinese metal group, Jinchuan, under the existing Sally Malay contract.. During this time, and assuming the nickel price holds at a reasonable level, the partners will decide whether to access the deeper ore, effectively adding another four years to the mine.

In fact, mine life could be a lot longer because drilling is continuing at depth, and returning tantalising assays. Thundelarra’s newly-appointed chief executive, Brett Lambert, told Minesite that a series of anomalies identified by electromagnetic tests had been drilled in June, all were associated with nickel sulphide mineralisation. “Two of the targets were about 250 metres below surface, but it’s not clear whether these were an extension of the existing resource or a new lens,” Lambert said. “The third hole was even more interesting because it hit 13 metres grading 1.84 % nickel and 1.03 % copper at just over 400 metres below surface. This result is significant as it’s the second best intersection so far and 100 metres below the existing reserve.”

The challenge for future exploration is to “join the dots” and see whether Copernicus is revealing a continuation of the existing structure, or revealing an entirely new lens of mineralisation. In general, the geology at Copernicus is similar to the “komatiite” structures found at Kambalda, and in Finland from where the name comes. These are effectively ancient lava flows which can be thin and difficult to mine, or thick and rich, a bit like some people we all know.

Getting Copernicus into production will not be an expensive operation for Thundelarra. Lambert estimates that his capital cost requirement is a lowly A$5.3 million because most of the required mining and processing equipment is on hand. The real trick will be in judging when,or whether, to launch the underground phase. To do that the Thundelarra board must be convinced that the price of nickel will hold US$25,000 a tonne, or better. Given that nickel has slipped back from its stratospheric heights of almost US$55,000 a tonne in May to around US$29,400 now and that price question could be tricky one.

Whatever happens with the second phase of Copernicus there will be many Thundelarra shareholders delighted to see their company making the transition to producer, no matter how small. Lambert said the open pit should start production in the middle of next year, with ore hauled the 40 kilometres to the Sally Malay plant. When, and if, the underground mine is developed it will be from a decline driven off the bottom of the open pit.

While nickel, copper and cobalt will provide Thundelarra with its first positive cash flow the next phase of work could be all about uranium. Lambert said the company had a “strong commitment” to uranium, with 18 projects on its books, covering 9,400 square kilometres. Current work was designed to cull the good prospects from the ordinary, and move from project generation to active exploration. High on the list of targets are the Spinifex project in Western Australia which has already yielded fabulous surface grades of up to 13.6 per cent uranium (yes, per cent – so stay clear of the field hand who kicked that rock around!), the Kunderong prospect also in Western Australia which has Canada’s Cameco and Brazil’s CVRD as neighbours, and ground in the Ngalia Basin, in the Northern Territory, with Paladin and Energy Metals alongside. First drilling, at the Frances Maude project in the Northern territory, is expected to start soon.

 

[moneymajix]

Re: THX - Thundelarra Exploration

Drillinto

Thanks for posting that article. Good information.

Share price looking healthier - up 8.33% to 0.325c (0.025c).

 

[moneymajix]

Re: THX - Thundelarra Exploration

33c

RIGHTS TO PREMIER URANIUM PROVINCE SECURED

Thundelarra Exploration Ltd (“Thundelarra”) is pleased to announce
that through its wholly owned subsidiary it has secured the exclusive
right to explore for uranium on over 2,500 square kilometres within
the highly prospective Pine Creek Orogen in the Northern Territory of
Australia.

Thundelarra has executed an agreement with TSX listed GBS Gold
International Inc (“GBS”) to acquire the uranium rights over that
company’s Pine Creek tenements. GBS has consolidated a
dominant land holding in the Pine Creek area where it is actively
mining and exploring for gold.

The Pine Creek Orogen hosts the three most significant uranium
provinces in Australia, the Rum Jungle, Alligator Rivers and South
Alligator fields. Most of Australia’s historic uranium mining operations
are located within this region along with the country’s largest current
producer, ERA’s Ranger Mine. Historic uranium workings and a
number of known uranium occurrences are located within the GBS
secured tenure.

In consideration for the Pine Creek uranium rights, GBS will receive
4.5 million ordinary fully paid shares in the capital of Thundelarra
together with 4.5 million options exercisable at 45 cents each. In
addition GBS has been granted gold exploration rights on several
tenements Thundelarra holds in the region.

Thundelarra and GBS have formed a joint venture to explore for
uranium on GBS’s Pine Creek tenements. Thundelarra holds 70% of
the joint venture and is the manager, with GBS free carried through
to the completion of a feasibility study. Thundelarra and GBS have
also agreed to cooperate in relation to the sharing of resources and
exploration data from their independent activities.
The majority of GBS’s Pine Creek tenements are granted, providing
for immediate access to the land. Thundelarra expects to have field
crews on the ground before the end of the year.

The Pine Creek uranium rights substantially expand Thundelarra’s
already extensive holdings to create one of the most significant
uranium portfolios in Australia. Thundelarra will continue to ramp up
its uranium exploration activities with primary focus on the Northern
Territory’s Pine Creek and Ngalia Basin regions.

 

[moneymajix]

Re: THX - Thundelarra Exploration

Up over 9% to 36c (hit 37c).

Anyone think 40s achieveable in the near future? Given the following in the ann. -

In consideration for the Pine Creek uranium rights, GBS will receive
4.5 million ordinary fully paid shares in the capital of Thundelarra
together with 4.5 million options exercisable at 45 cents each.

 

[moneymajix]

Re: THX - Thundelarra Exploration

More upward movement in the share price. Currently 40c which is up nearly 7%.

Not much for sale in either the heads or oppies.

Chart looks good.

LOL to holders.


EDIT
41.5c NOW - up over 10%


EDIT 2

What is that Kermit the Frog song?
"It's lonely being green".

 

[moneymajix]

Re: THX - Thundelarra Exploration

Sp - 40c

Ann.

COPERNICUS DRILLING PROGRAM


Thundelarra Exploration Ltd is pleased to announce that a significant
drilling program is scheduled to commence at Copernicus in mid
October. The program will test for extensions to the underground
resource following up high grade results obtained in June this year.

http://www.asx.com.au/asxpdf/20070925/pdf/314qh14kbrgpqg.pdf

 

[juw177]

Re: THX - Thundelarra Exploration

Broken 50c on good volume after consolidating for the last weeks. If it holds on close, the next resistance point may be 60c.

 

[Broadside]

Re: THX - Thundelarra Exploration

has a sizeable stake in UMC, that would be driving some of the gains the past couple of days. UMC drill results are coming out this week and are highly anticipated.

 

[Santoro]

Re: THX - Thundelarra Exploration

Yes, I believe 20% stake in UMC, this will surely move if good results are announced by UMC, copernicus nickel project with Sally Malay underway shortly too, expect this to rise on the positive news.

 

[Aussie2Aussie]

THX - Thundelarra Exploration

Anybody know whats going on with these guys and why the share price is up?

Up 13% today and substantialy over the lsat few weeks.

 

[profithunter]

Re: THX - Thundelarra Exploration

Anybody know whats going on with these guys and why the share price is up?

Up 13% today and substantialy over the lsat few weeks.

They announced on the 27th that their copernius project was fully funded and they are in a strong financial position to fund future projects...this may have something to do with it.

 

[vine]

Re: THX - Thundelarra Exploration

Anybody been watching THX over the last few months. A low of .28 in feb and now closed at .52. I have been accumulating on the rise. Over the next few months they will commence their Nickel mining at Copernicus. They also have a 16% hold in UMC. What do others think of their potential once they start mining.

 

[Markcoinoz]

Re: THX - Thundelarra Exploration

Anybody been watching THX over the last few months. A low of .28 in feb and now closed at .52. I have been accumulating on the rise. Over the next few months they will commence their Nickel mining at Copernicus. They also have a 16% hold in UMC. What do others think of their potential once they start mining.

Hi Vine,

I had thought about investing into THX a few times.
The most compelling argument for investing in THX is their stake in UMC.

I own UMC shares.

Correct me if i am wrong. However, i thought THX had a 20% stake in UMC.

Even still, running just a few rough calculations.

UMC M/C = $254.7 mln (Undiluted)

THX M/C = $ 59.2 mln (Undiluted)

For argument sake i will say that THX has 20% in UMC at current prices = $50.9mln.

Now this is the interesting part even though i am fully committed to UMC shares. The current UMC M/C has not been fully recognised in the THX shareprice given its Assets and current cash position.

I fully expect that UMC will have a Jorc Resource for Railway of at least 100mln tns of Marra Mamba high grade ore. If 100mln tns or more are realised
at UMC's current price, that only equates to $2.50 tn. Even the most negative investor would have to accept a bare minimum of $4.50tn after Jorc in comparison to its peers where the bottom end valuation is $4.50tn - $8.00tn.

Now if we were to add another $200mln M/C to UMC's shareprice that would equate to a further $40mln to THX's M/C or approximately $100mln total.

One of the best things about UMC apart from its tenements is that there is very little scrip available for serious large investors and institutions. As the UMC story unfolds it will become very obvious that either UMC makes large placements to accomodate institutions or a possible backdoor entry via THX.

Down the track if a T/O of UMC were to occur, the best possible opportunity would be through THX's shares. That would also create an incredible catchup opportunity for existing shareholders.

I don't even know much about THX apart from being part of the Crabb Stable and the ownership in UMC shares.

IMO, THX is shaping up to be an extremely good opportunity, if UMC should turn out to be a winner in the longterm. Haven't bought into THX yet. However, i sense that time is running out.

Just my thoughts.

Cheers markcoinoz

 

[xabialonso]

Re: THX - Thundelarra Exploration

great analysis markcoinoz..my sentiment exactly..the UMC register is a lot tighter than most mining stocks out there, so it does have merit.
any thoughts on the options? (thxo)

xabi

 

[Broadside]

Re: THX - Thundelarra Exploration

great analysis markcoinoz..my sentiment exactly..the UMC register is a lot tighter than most mining stocks out there, so it does have merit.
any thoughts on the options? (thxo)

xabi

Another good post markco, I am in the options for the leverage, proving a good move with THX strongly rerated. Rerating should continue with Copernicus coming online and UMC JORC around the corner plus THX's excellent Uranium assets in NT.

PS they hold 20.8 million UMC shares --> strategic stake you'd imagine someone would pay a premium for when the time is right

 

[Markcoinoz]

Re: THX - Thundelarra Exploration

Hi xabialonso and Broadside,

I bought THXO on open this morning.

As i had mentioned in my previous post i didn't think there was much time.
Funny thing is, i usually apply my own interpretation of the subject before investing in a company.

I do have a couple of concerns.

Would i have bought them if they didn't own the UMC shares???

I have no doubt i would not have bought in.

Am only interested in the UMC factor.

Even though i have known their situation for a fair while, i felt this was the right time to enter given UMC's lead up to the maiden Jorc.

My only other concern is the possibility of THX management selling more at some stage, or diluting shareholder value down the track. Thats something that i don't think anyone can really answer. Also, i don't know what UMC intends to do when Fundies and large investors want a large slice of the action once we know the Jorc figures.

UMC may eventually split the company into 2 with Fe and Bauxite as separate companies and offering UMC holders an opportunity to buy into the Bauxite play. It does appear to be their longterm plan.

If i have some concern now, imagine what it could be like as they move towards Jorcing up Jumbo if it has an even bigger signature than Railway.

In a way it is an enviable position to be in.

One way or the other, its couldn't be a better leverage play especially holding THXO's.

Apology if my ranting about UMC annoys anyone.

Its just that THX are so much interwoven with their percentage in UMC.

Cheers markco2

 

[Broadside]

Re: THX - Thundelarra Exploration

markco I think THX is very aware of the strategic value of their stake in UMC particularly since they share the same Chairman and another director in Mal Randall. If they divest their holding I am thinking it will be at a premium and when UMC's price more reasonably reflects its potential (imagine the price pressure if a buyer tried to buy 20 million shares on market!) and the funds will be returned to shareholders.

Copernicus is shortish life but has exploration upside and maybe SMY will take out the minority stake and the Uranium assets look very interesting, and importantly they're in a friendly territory (NT)...check out the grades next to their tenements.

I think the Crabbs stable are all looking like winners and perhaps the market is slowly catching on too.

 

[vine]

Re: THX - Thundelarra Exploration

Still finding it difficult to understand whats happening with THX a market cap $44m yet has 20.4 mill shares in UMC worth currently $46.5 m. and a July JORC coming. Taking into consideration all its other interests and Copernicus starting this quarter. Is THX at .39 undervalued.
What are the possibilities come UMC ann.