RE: RNS23 Oct 2020 16:30
Kumar,
Mick Billing seems fine to me. About 10 years ago they went into Tungsten and Molybdenum deposits. Weak Commodity prices at the time did not help. Shareholders had to wait like an eternity to get a decent ROI. So I get the frustration. But you got to invest leaving emotion out or you can never look ahead.
Fast forward to now:
THR has acquired some highly lucrative Gold, Copper, Nickel, Uranium & Vanadium deposits. ALL are hot commodities going forward.
Even those huge Tungsten & Molybdenum deposits should provide a very good ROI. Tungsten in USA is now put on "critical element list". THR has had interest from strategic partners to come on board to take it forward. We await further news on Pilot Mountain deposit and Molyhil in AUS.
Uranium & Vanadium deposits acquired in USA is high grade. Uranium about to enter supply crunch making THR recent acquisition in USA highly valuable and in demand for bigger players to just Buy it off us.
THR now going after GOLD from all angles as Top priority at Ragged range in Pilbara. Also waiting for GOLD estimates at Kapunda Gold-Copper deposit. Every hole they Assayed for Gold at Kapunda, found Gold in it.
GOLD in Pilbara is the hot topic right now. Ragged range exceeded expectations and Company thinks they could be sitting on a substantial GOLD deposit at Ragged range.
Mick Billing is a professional with over 30 years experience. Current commodities boom cycle should redeem Mick with substantial ROI for everyone. Mick himself is a shareholder
All above for £16m MCAP...
THR is already de-risked...with unlimited UPSIDE.
IMHO, DYOR