Therma-Med Inc. (THRA)

[VortMax]

The claim is likely small compared to some others out there. Doesn't matter. THRA's neighbor to the north has $100M in metal on their property, and the neighbor to the south has $250M worth of metal. When I say neighbor, talking 1KM, or just .6 Miles.

IMO their claims will come in at about $150M in metal.

Just fine because they elude to an operation mill nearby that can process the ore.

The 43-101 technical report is coming that will show what they have.

After that, its just hiring workes to dig and haul to ore to the mill, pay the mill a fee, and get metal to sell for cash money.

Looks like they will be doing a J/V with Titan but it is unconfirmed. At anyrate, if they do have $150M of metal in the ground, they can get %25 net profit on that at todays prices or about $35M. Say a 5 year mine life, looking at $7M earnings a year. That would give a value on a 20 PE of about $140M or PPS .35, that is a ways off though. Just checked, they only have 49% interest in the claims, so it would be half that, $3.75M earnings a year and PPS .175

On the pinks, a mine with a 43-101 will speculate to $1M or PPS .0030 here, and if they get a J/V, it'll go as high as $5M, or PPS .013 before any actual operations take place.