Topic: How To Invest

Dear Pat: Could you please comment on Thundermin Resources? Many thanks.

Article Excerpt

Thundermin Resources, $0.14, symbol THR on Toronto (Shares outstanding: 68.8 million; Market cap: $9.6 million), owns early-stage mineral exploration projects in Manitoba, Quebec and Newfoundland. The company also owns small shareholdings in 12 other junior-resource companies that are exploring for base metals, diamonds and gold in various parts of Canada. Thundermin’s shares jumped from $0.10 to as high as $0.24 in early May, after the company and Cornerstone Resources, its 50/50 joint-venture partner, drilled a hole on their Little Deer, Newfoundland, deposit that intersected an impressive 6% copper over a core length of 3.8 metres. The shares moved back down to $0.10 shortly after. They rose again to as high as $0.20 in mid-June, after the company intersected a further 3.8% copper over a core length of 9.1 metres. Thundermin’s properties are all in the very early stages of exploration. The company’s shares are highly risky, but they have some speculative appeal — and would jump in price if the company discovered…

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