Clearly Mick Billing is incompetent. The commercial strategy is a non-existent farce.
Molyhill was delayed for so long and then the results published were clearly insufficient to attract investment. Less than $A30M NPV @ 8% discount rate with a 4 year life. Only 35% of the inventory included. Where are the life / resource extensions and sensitivity analysis required to take this to c$A 100M opportunity to attract support and investment?
The Springhill resource has only been increased by 10%. The results process was shrouded in an outrageous sham of trading halts to assist former colleagues and now the plan is for another year or more of exploration totally unfunded. The RNS was rushed out (methodolgy details to follow!) in another flawed attempt to deflect crticism prior to local presnetations.
The totally inept failure to meet / regenotiate equity earn in targets on Dundas is inexcusable. The "too little too late" attempts at attracting Nickel interest is another demonstration of this incompetent Exec Chairman.
Thor has Resources that could be developed with competent leadership. I still hold a significant number of shares, unfortunately my investment has been destroyed by management that is unfit for purpose.
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