If they get the finance sorted and go into production. This could touch 4.00p. That's a 48 mil market cap. With molyhil and springhill in production. They would then start back on dundas. It could all happen in a year. That's a 12 bagger. Probably get pulled down now for ramping. With 1 1/4 bill shares it is possible. All reliant on getting finance sorted. Come on china get your finger out and hand in your pocket. They had the Chinese interested before. But they pulled out. Don't know why. There's a difference now . We are a hell of lot further on now. Springhill now 50% with a option of 80%. Drilling results with a higher grades of gold proved. More economical. Cost cutting with the ore crushing . At crocodile. Molyhil, cost cutting proved and the same with crushing more economical . Ore sample results. Higher grade. Dundas on the back burner. All looking good. Zeps
I agree about the gold content. Looks very attractive to a invester. With finance available. This will touch 1.00p easy. It's all on the finance being available. As you know we have a buyer for 70% of the tungsten. It's just the finance. That is the million dollar question when that will happen. But, with every thing going on . It makes it easier to attract a jv partner with the cash. Thr reckon they are already in talks. It mentioned on the recent broadcast it could take several month. I don't believe that for a minute. I would say maybe after Xmas. That just a assumption though. Atb zeps
Hi Zeps, from what I can gather the gold content per gram/tonne is above average compared with some i've seen, would you agree.. My minimum estimates are could be worth 15-20million per year clear cash profit? not bad on such a low market cap.
How imminent is the tungsten deal? and whats that worth to the sp/mcap iyho?
RNS - All positive. "This has been a very productive period for Thor. A concentrate off-take agreement with a company of the stature of Global Tungsten & Powders is a big step forward. In addition the ore sorting results and other cost saving initiatives provide some confidence in the potential to generate additional profitable production at Molyhil, including the potential for a longer mine life. Add in the results of drilling and other progress at Spring Hill, and the Company has made very good progress in challenging market conditions".
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