As we all now know, Warren Buffett, arguably the greatest investor of the 20th-21st century has turned his attention to tungsten. China has the world's largest known supply, and they have no intentions of sharing it with the rest of the world, in fact they are importing it. This means every other wealthy country that cares about maintaining their technological and military position in the world needs a reliable tungsten supply. When it comes to the current supply and demand issues with tungsten, Thor is perfectly placed to reap the rewards of the world's current supply crisis. Industrial heavyweights such as Japan, USA and Europe are desperate to keep a reliable supply of tungsten, while China is trying to secure as much tungsten that they can get their hands on. With a DFS for a Tungsten/Molybdenum mine about to be released, Thor sits in an enviable position and is no doubt poised for a severe re-rating.
THR Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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