announcement can be released thursday, page-51

Just another Reminder to those uncertain about THOR MINING.

Last 2006 DFS suggested
- Internal Rate of Return (IRR) of 111%!!!! (compare this to WLF's 21%)
- Net Present Value (NPV) of $88 Million AU
- 88M/700M (shares in THR.L & THR.AX) = 13c per share
- The 13c is just from this Tungsten project (excluding assets & all other projects i.e. gold projects)


AND BOTH THESE FIGURES (NPV & IRR) are based on:
- a LOW commodity price of $255/mtu for WO3 (2012 price at $450/mtu...nearly doubled!!!)
- a LOW Resource estimate 2.38Mt (2012 estimate = 4.7Mt)
- a LOW resource recovery (67.2%) (2012 estimate = 85%)
... and for EACH 1$ recovery, we get ~ $0.9M per year
(so that's 0.9x 18% increase = $16.2 MILLION extra in gross revenue PER YEAR compare to 2006 DFS)

THOR will be trading above 13c (conservative estimate using 2006 figures) in NO time once everything starts rolling out (DFS > Offtake > Finance/buy-out & even Take-over could be possible in the future). And the Gold projects will be a bonus

All IMO. Figures are quoated from Anns (not made up)
DYOR & Do the maths yourself.
Kiddo