Added to YB: 2025-04-16
Pitch date: 2025-04-15
THX.V [bullish]
Thor Explorations Ltd.
Author Info
The Skeptical Optimist shares interesting names and investing ideas. Sign up for the newsletter.
Company Info
Thor Explorations Ltd., together with its subsidiaries, engages in the production, development, and exploration of gold.
Market Cap
CAD 480.9M
Pitch Price
N/A
Price Target
1.75
Dividend
4.90%
EV/EBITDA
1.24
P/E
2.30
EV/Sales
0.96
Sector
Metals and Mining
Category
value
Thor Explorations Ltd (TSXV/AIM: THX) – 1–3 Year Investment Thesis
THX.V: West African gold producer w/ 85k oz at $765 AISC (2024). 69% EBITDA margin, 8% dividend yield, debt-free. Exploring at Segilola to extend past 2027 + developing Douta in Senegal (potential 100k oz/yr). Trades at 2.1x EV/EBITDA, 3.2x P/E. PT C$1.75 in base case ($3,200 gold). Nigeria jurisdiction risk.
Read full article (9 min)