I'm now bullish on THR. Hear me out...
We have recently been told that the second tranche of $500k has been drawn on, meaning that it only took 77 days to go through the first $500k. The announcement on the 18th Feb announcing the funding facility stated
Funds drawn under the Facility are principally to be used to fund exploration and development expenditure on Thor's Molyhil Tungsten/Molybdenum Project and the Spring Hill Gold Project, both located in Northern Territory, Australia ("Projects"), and the Company's working capital requirements.
Now I very much doubt the company is throwing money around left right and centre these days on admin so I'm assuming most of the money is being used on their core business of exploration. That is a lot of money for a small mining company to use up in 77 days don't you think?
So I'm expecting some interesting news soon seeing as they have spent so much money on exploration recently.
Sentiment changed to Buy...
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