I see THR share price is currently 1.5c.
No financial or investment advice but either way, I believe THR will be 1c or 3c in 2 months. Why?
While THR have the San Miguel County permits, a decision for the Colorado State permits which required the San Miguel County permits must be decided by 2 June 2022.
If THR don't meet the requirements of the permits for Colorado State by 2 June 2022, then Colorado State permits must be refused and THR share price will drop to probably 1c.
What does that mean?
Well my point of view only, I'll be pretty angry if Colorado State permits were not granted before the deadline, but I will use it as an opportunity to buy more THR shares.
The Uranium is still in the Wedding Bell ground and THR still own Wedding Bell so we can only assume THR will do a fresh Colorado State permit application and it will take time; and yes I'll be very annoyed. The difference is that this time the San Miguel County permits have already been granted so the Colorado permit process should be much shorter.
I am definitely not saying Colorado State permits will not be granted by 2 June 2022 and based on the recent ASX announcement and Thor and Nicole's tweets, THR are planning the drilling in mid 2022, I am pretty confident that THR will have the Colorado State permits granted in the next few weeks but
I'm just talking worst case scenario for THR.
Until there is a THR announcement with respect to Wedding Bell, there will be fun and games with THR share price and the daily after market price games is quite funny.
As always I'm not giving any financial or investment advice and understand there is a risk with THR.
New Permit/NOI Applications Under Review (state.co.us)
