As you know I love the exciting AIM stocks - Just made a killing on Highbury House Communications HHO.

Now onto the next dangerous deal. ONLY FOR THE BRAVE AND THOSE WHO HAVE MONEY TO LOSE!

Just recently come onto AIM and initial results of 'top scrapings' good. They are doing deeper investigations - results coming out later in September - if successful the sp could go up to 25p - if not it's is bust.

Thor has been established as a mineral exploration and development company. Its wholly owned subsidiary Sunsphere, based in Perth Western Australia, has resource assets in the Northern Territory of Australia. The Board seeks to increase shareholder value by the systematic exploration of its existing resource assets as well as the acquisition of suitable exploration and development projects and producing assets.

The principal project of the Company is the Molyhil molybdenum-tungsten deposit in the Northern Territory. The Molyhil deposit has an indicated resource of 1,530,000 tonnes at 0.32% WO 3 and 0.19% MoS 2 , and an inferred resource of 500,000 tonnes at 0.25% WO 3 and 0.15% MoS 2 . The Directors believe that, based on historical experience and bulk sampling, mining should demonstrate head grades exceeding current drill-indicated grades, and that the proposed further exploration should give scope for an increase in resource estimates.

The Directors have extensive experience in both the mining and finance sectors. The Directors are experienced in the evaluation of mining assets, in raising funds on international capital markets, in evaluating acquisition and investment prospects and in the day to day management of public companies. The Directors believe that their expertise and experience will benefit the Company in the development of the Companys business.

The Directors will undertake shaft sinking and further detailed sampling to evaluate the head grade and mineralogical characteristics of the Molyhil deposit. The results will be utilised to update the current JORC Code compliant resource and provide the final resource to complete the feasibility study. The Directors believe that a further fund raising will be required as the Molyhil deposit approaches production.

Sunspheres portfolio of properties comprise seven tenements at Molyhil, Thring Creek and Hatches Creek in the Northern Territory.

any thoughts as to why THR out of favour? Hunan was a disappointment but hopefully someone else will come on board. there was mention of uranium too[this years buzzword]. am holding long term and will top up when funds permit

Alex

11th May 2007
Thor Mining PLC (AIM & ASX: THR), the mineral exploration and development
company focussing on molybdenum, tungsten and uranium assets based in the
Northern Territory of Australia, announces that air core drilling will commence on the
13th of May at its 100% owned Hale River Project. The Central Land Council and
representatives of the traditional people of the area were on site on Wednesday and
Thursday of this week. Thor has today received verbal approval for approximately
90% of all drilling sites. The Mining Management Plan for the initial work programme
has also been approved by the DPIFM.
The final report on the Hale River Hoist EM interpretation from the Companys
consultants resulted in six prospective areas being identified along south easterly
striking palaeo-channels, with depth to basement estimated between 45m and 130m.
These channels also contain irregular flat conductive carbonaceous sedimentary
units, which are an important component for the localisation of secondary uranium
mineralisation (see fig1).
Orbit Drilling Pty Ltd have been contracted to complete the 47 hole, 3,000m air core
drilling programme. Drilling results should be available in approximately six weeks.
Approvals have also been sought for drilling on the Plenty River Project, located to
the north east of Hale River.
Yours faithfully
THOR MINING PLC
John A Young
Chief Executive Officer
JORC Compliance
The information in this report that relates to exploration results, mineral resources or ore reserves is
based on information compiled by John Young, who is a Member of The Australasian Institute of Mining
and Metallurgy. John Young is a director of Thor Mining PLC. John Young has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. John
Young consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears.



results should be out soon then?

Alex

Recent media coment, click here

Sold for 40% gain

Thor Mining boosts coffers with placing
Monday, July 23, 2007, 03:24 PM
Thor Mining (AIM, ASX: THR) the specialist metals mining group said it had issued 6.8 million shares at 11 pence per share to raise an additional 748,000 before expenses. 6 million shares were taken by City Equities.

Thor said it will use the funds to continue financing the development of its Molyhil Tungsten/Molybdenum Project in Australia.

Thor Mining says final metallurgical grades at Molyhil better than expected
AFX


LONDON (Thomson Financial) - Thor Mining PLC said the final metallurgical work and concentrate specifications at its Molyhil tungsten-molybdenum project in Australia produced better than expected grades.

Primary molybdenum concentrate assayed a 51.4 pct gradee, with a recovery of 77.8 pct, while primary tungsten concentrate assayed 72.9 pct, with a recovery of 65.4 pct.

Further cleaning and blending of the secondary tungsten product may improve this recovery, Thor said.

The metals company also said that due to delays in the delivery of updated resource figures, it now expects the completion of its off-take negotiations for the Molyhil project to be pushed to the end of September.

TFN.newsdesk@thomson.com

apart from the delay in negotiations, i read this as a good bit of news . what am i missing? the market doesn't see to agree. or is it just a knock-on effect from y/days market losses?
your thoughts anyone
Alex

proactiveinvestors.com comment, click HERE

August 06, 2007
Thor Mining Has Some Enviable Quality In Its Assets

Thor Mining is an Australian company seeking speciality metals in this case tungsten and molybdenum - which is now getting very close to production. John Barr, the executive chairman, recently told Minews that he would love to have been able to announce offtake agreements for the concentrates at DiggersnDealers, but could not get through all the legal paperwork in time. As it is the announcement is expected at the end of this month and that means that the development finance for the Molyhil mine, east of Alice Springs in the Northern Territory, should be buttoned up a matter of weeks later. That being the case Thor should hit its target of being in production before the end of 2008 provided it receives all the necessary mining permits in time.

Investors should also take into account that Thor has a dominant position in an area of the Northern Territory that is acknowledged as very prospective for uranium.

http://www.minesite.com/nc/minews/singlenews/article/thor-mining-has-some-enviable-quality-in-its-assets/1.html

The rns out today I thought to be very positive along with a mate of mine. We both bought in and all trades were routed through dealers, both purchases were recorded as sales, so we arn't getting an accurate picture at the moment.

This share was one of my share picks for this year, and I suggested that later in the year will be the time for it to move. I know that it has already been a lot higher than its current price, but I think this is now the start of positive movement.

Todays price fall is a bit of a joke and everyone ought to take it as an opportuity to buy in or top up. Good luck to all holders.

Wish i had some more cash to top up with. I hold warrants so todays drop was doubly bad for me. I believe they will return to a more appropriate SP in good time.
Anyone else holding warrants or are you full-blown share holders?

Alex

Ouch!

Oilyrag are you still in? trying to decide whether to top up in warrants or shares. obviously i can get more warrants for my money at the mo. i believe they are good for 1 oct 2009. They expensive at the mo[relative to full share SP].
any thoughts
Alex

Sticking with it for the long term, bagger or bust, may top up in due course.................. the world needs moly and all the other commodities, prices may stall for a while but not for long term, this is a super cycle and anyone who can prove reserves and get it out will profit in the long term, good opportunity to top up, but don't have the cash at mo

Hi RA, yes I am still in and topped up yesterday when I saw the price drop.

Someones just been ripped off 10,000 shares at 6.75p. 1p below the bid 15 mins before start of trading. No patience some people. Maybe I topped up too early, I shall keep a close eye on this one.

THR up 12% in oz overnight. Another 1.25p would be nice today.

Theres alot of good miners out there though and many not carrying the risk as with this one

I am still holding but would like to see the SP retrace to where it was before the markets got Jittery. Especially as i believe they posted what i thought was reasonable good news on finds obviously the delays on permits won't help SP.

Alex

This is a disaster company. I bought at 20p and it has been dropping since. Should I sell at 7.25p now?

Hlyeo, it is purely your decision, however you bought in at a year high, on the back of a massive movement in the sp. I firmly believe that this companies price will move up considerably during next year when mining commences. If you look at the chart you will notice that the sp is at its lowest point since the recent rise, if you sell now you will be throwing your money away as I honestly think that sp is at the bottomish, and then with the spread to take into account you will not be able to buy back in cheaper IMHO. Give it a year or so and I think you may be a lot happier.