Following a strong operational end to 2024 and its now debt-free balance sheet, Thor is well positioned to deliver significant cash growth in 2025. This should enable it to accelerate exploration and development initiatives in Nigeria and elsewhere as results warrant, including unlocking mine life extension potential at Segilola. The successful progress of these growth initiatives should drive a material upwards re-rate of stock that is currently trading at a bargain level of just over 1x our 20 ....
