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Have a look at tungsten miner Almonty Industries. Share price re-rated and volumes increased when there was an expectation of action on their primary tungsten project, offtake deals signed, financing discussions, etc. We should see the same here.
I don't know if anyone has bothered to properly read the press release of 28 March 2018, but have you all seen the prospective grades of the tungsten and copper deposits here? White Violet - 0.4% WO3, with grades of up to 1.85% WO3. Samarkand - grades up to 2.77% W03 Jericho - 1.0% WO3 And the copper. Wow! 38m @ 4.4% Cu, 9m @ 9.1% Cu. These are fantastic intersections. Shocked that the THR share price has not re-rated on this news. Perhaps everyone is ******ed?
A good interview with Mick Billing today on Proactive. Key points: - acquisition of Rox Resources is expected to increase the mine life of Molyhil from 6-8 years to 10-15 years - this is a "big boost" to any financier of the project - 2-3 exploration targets to drill at a cost of A$250k on the Rok Resources property to upgrade to an inferred resource - in the next couple of weeks expect to see updated feasibility study for Molyhil. Mick says we can expect to be "pretty pleased with the outcome"
Molyhil now has good exploration upside post yesterday’s RNS. This is a major development. THR shareholders don’t seem to understand that this will make doing a JV deal / sale of Molyhil much easier to execute in the coming weeks. Mick said a couple of weeks ago he would be travelling to Asia to do a deal on Molyhil....
A good release. This will extend the mine life of Molyhill and make it more attractive to potential strategic investors. This increases the likelihood of THR raising money to build the Molyhill mine in the coming weeks and months.
I predict the following newsflow for THR over the coming days/weeks: - update on Molyhill DFS - update on US Lithium exploration activities - appointment of a new corporate broker - financing update for Molyhill This should bring back buying interest in the shares. Let’s see how much of the above shows up over the next 1-4 weeks.
Interesting interview. Key message appears to be Molyhill will be the driver of share price performance for Thor in 2018. - updated DFS (due very soon) - financing with strategic investors (several parties interested) - first production - rising tungsten price
Mining projects can be developed more quickly with the proper funding. Molyhill will be the first Thor asset to enter production. Investors should ask MIck Billing tonight about the timetable to develop Molyhill and cash flow when in production.
This is just another case of investors who can’t stomach short term volatility. I’ve seen it so many times before. You have to invest based on fundamentals. The market cap does not reflect the underlying value of the assets. The discrepancy is huge. This is a 5 bagger at the current share price in my opinion. THR could take action and simply put Molyhill up for sale once the DFS is announced at the end of this month. I bet they are already in talks with the Koreans and Japanese to invest cash into Molyhill that probably exceeds the current market cap of THR! Relax, this will come good very soon. Stomach the volatility and believe in the fundamentals. Let the short term traders sell out. They are the ones losing out.