"Based on 'historical mining of a rich leader'".....sorry, just made me chuckle, ironically, to myself & I wondered why there is no mention of, ‘As Good As It Gets Gully’ & ‘I’m Alright Jack Valley’.
Sentiment put to one side, this statement reads positively, yes assets have increased in value & further potential increases look likely. Great.
Truth is there is no money coming in & more funds will be required. Where from? Finance, production or sale... I can’t help but wonder?
I can understand the logic, focus on molyhil & spring hill; they are closest to producing or they could be ‘firmed up’ and sold! Dundas (still my favourite) needs time & money so logically it should wait till funds are available, it would be a huge gamble, even in the Albany Fraser range; to borrow money to explore Dundas. If that failed it would be game over.
I am still optimistic about Thor’s future; our situation could dramatically change for the better if Springhill or Molyhil produce or are sold. Thor remains a high risk investment, more so now due to cash position but as someone else said on this board, it does look an attractive risk, at current price, to any new investors.
My problem is I’m an existing investor holding on to a shrinking investment & I can’t walk away because I want to see the ending.
Good information Mick, 8/10, keep it up & please please don’t go quiet on us...
MT
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