Tungsten - great to see prices climb back up close to the $300 mark, from memory the initial project economics were based on this value. If prices keep going up past this and the resource can be expanded to increase its economics that’s a big positive. Especially when the gov are the ones who will likely give the funding needed for the project and they already funding to improve the economics.
Gold - wasting some time on GeoView and broader reading of exploration in the area I’m optimistic. Right back to the 70s gold was found in the area however compared to other areas there appears to be very limited exploration despite some academic papers suggesting the KGB being well suited to having some gold which we now have 100% control. They just got to find what others couldn’t, so I’m happy Thor are doing this very methodically before dropping that drill.
ISR - copper/ gold - im confused - I’m still unclear about the IP for this. If this is successful what does that mean? Is this new technique then passed to all miners to use or will Thor benefit from the R&D? If this just means we can get the copper & gold from these areas in SA in an economical way then that’s good to know. But if it’s a lot more than that they should perhaps call this out, what’s this opportunity look like (even ballpark).
THR Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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