Ann: Molyhil Project - Major Project Status with NT Government, page-9

Okay my predictions -

Envirocopper will be like several hundred other aspiring copper producers out there - including a lot in South Australia - still talking about it years from now- like they have been for the last decade. I have been listening to the copper bulls and the impending copper shortages for years --

Kapunda wont be mined in your lifetime - complex sulphides - in a residential community and Thor only have a small equity in the project anyway. We are in a boom and I don't see any new pure play copper IPO's.

Molyhill wont be developed in our lifetime -they have had decades now across booms and bust with tungsten and it has never happened. If tungsten was so good why no profitable operating tungsten mines.

No geologists I know including the one doing the work at Ragged Range believe magnetics is a pathfinder to finding gold in that terrain. But maybe will assist in delineation of nickel targets.
I have recommended metal detector operatives on the ground -in exactly the same manner as GGP discovered all their gold -all the nuggets reported in their ASX reports . That is the way you find gold in that terrain. Has Thor got men on the ground with metal detectors as well as stream sediment sampling ? Not just a fly in with a helicopter for a few days -do as GGP did and have prospectors on the ground with a bush basher vehicle -that is the only way you will get a handle on coarse gold and more likely drill targets.


Have they considered a program to chase up the historical gold on the contact of the Mt Roe Basalt and the sandstones ? When I pegged the tenement the conglomerate gold story was in full flight and I picked up that ground in the knowledge we had several kilometres of Mt Roe Basalt contact within the tenement. Check the Great Southern report -I am very busy but I recall seeing some gold anomalism in the Mt Roe Basalt but are they conscious they should also target the contacts - to see if another Purdy's or Comet Well ? No mention by Thor of work to be conducted on the Mt Roe Basalt contacts which riveted everyone's attention almost exclusively in 2017 with the exciting conglomerate gold story.

Let's keep our fingers crossed -work the mafics -ultramafic contacts -don't miss the Mt Roe contacts -after all Novo are still banging on about the conglomerates potential -- but for my money its granite intrusives to reinvigorate this company.