The Moly and Tungsten supply squeeze will continue for the next 5 years at least imo.
Molyhil IGV would be nearing $800 million at todays prices....further drilling will define more resources.
IMO the payback period of 7 months will be more like 11 months based on last figures. However the pit optimisation may also improve opex equation.
Molyhil NPV imo will be around $150 million....at todays prices.
Onward and upward - no need for micro analysis day to day, week to week.
I've said this before...but THR reminds me so much of ARU's early days (last year) of sceptical investors wanting management blood....dissatisfied with progress bla bla bla bla......
Now look at ARU.
btw the uranium story is still yet to play out, the next 2 years will see more new reactors needing fuel. U308 prices (and stocks) will continue their upward momentum. Don't be misled by the current tiny retrace in U price.
U will hot up again in September....and THR has some of the best prospects going around.
Cheers!
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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