Added to YB: 2026-09-24
Pitch date: 2026-09-18
THX.L [bullish]
Thor Explorations Ltd.
-4.65%
current return
Author Info
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Company Info
Thor Explorations Ltd., together with its subsidiaries, engages in the production, development, and exploration of gold.
Market Cap
CAD 603.7M
Pitch Price
CAD 1.29
Price Target
1.37 (+5%)
Dividend
3.94%
EV/EBITDA
1.61
P/E
2.93
EV/Sales
1.24
Sector
Metals and Mining
Category
growth
THX - Marah-WOO-HOO
THX.L: Thor Explorations’ existing thesis has strengthened: Segilola remains the cash-generating foundation, Douta appears fundable without equity dilution, and maiden Marahui drilling adds Côte d’Ivoire upside without being required for the base case. Valuation scenarios are ~79p bear, ~137p base and ~214p bull. The key risks remain gold prices, Douta construction and Segilola underground; Marahui is encouraging but still lacks a resource, metallurgy or economics.
Read full article (7 min)