thr proposed offtake vs qol offtake agreement

Lots of differing opinions on a successful THR offtake agreement
Like to throw this into the ring for discussion
1. On 5/12/07 QOL announced offtake agreement
with Citic of China for sale of Tungsten (T)&
Moly (M)from mine site 250 klm west of Cairns
2. What did QOL have to be able to negotiate
a successful offtake agreement?
3. How does this compare with what THR has?

Can this give a clue as to the liklihood of
success for THR?

Following based on past ASX announcements

QUEENSLAND ORES LTD (QOL)
JORC 598,200 tonnes (T) .42% (M) .17%
Indicated 111,500 " (T) .41% (M) .16%
Inferred 238,300 " (T) .40% (M) .2 %
Potential extension along strike for another
2.3 klm down to 150 mtrs
Near surface open pittable 60 mtrs depth
Throughput of 150,000 tonnes per annum
Production costs $75 per tonne
Avg annual production (T) 62,400 (M) 286,000
4 yrs Production (T)249,600 mtu (M)1,144,000 lbs
Project Capital Cost $29.8 million
Mine Life 4 years on initial resource

THOR MINING PLC (THR)
JORC 530,000 tonnes (T) .42% (M) .27%
Indicated 2,400,000 " (T) .39% (M) .17%
Inferred 800,000 " (T) .15% (M) .1 %
Open at depth with potential for extension with deeper drilling
Open pit design in 2 stages down to 150 mtrs
Throughput of 400,000 tonnes per annum
Production costs $78 per tonne
5.6 yrs Production(T)700,000 mtu(M)4,800,000 lbs
Project Capital Cost $63.3 million
Mine Life 5.6 years on initial resource

Tried to be as objective and accurate as possible in extracting the info from the announcements

I have held THR since May 2007.

This is my first post and I do not intend to make any more comments but rather throw it open to the THR experienced forum for discussion