THX has the uncertainty of U haning over it. In the short term it could keep a lid on things. But in the long term even if the U play has to be put on a back burner THX has plenty of cash that can be immediately turned to drilling out doolgana tenements. There its not question of if we strike copper. Its matter of How deep, How many MT and what grade.
A scenario we could find ourself in this time next year could be that thx is on its way to a SFR sized Copper resource, and very nice Uranium deposit in the NT that due to U mining restriction brought in by the greens is worth zip in the THX market price. Even in this scenario the MC of THX is well north of the current SP.
THX Price at posting:
76.0¢ Sentiment: ST Buy Disclosure: Held
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