the NPV looks pretty but it is the IRR that usually is used for "go"-"no-go" decisions in bigger companies....24% is just not going to fit any investment criteria in these bigger companies...there is just too much risk in the project....we would need at least 40-50% IRR before someone looked at us....would be very surprised if the Koreans or other asians are interested....the future price of tungsten could change things but only if the price jumps substantially on long-term supply/demand deficits....with manufacturing around the world taking a beating atm i don't know how likely this scenario is
perhaps there are asian companies out there looking for Tungsten off-take agreements )Koreans?) and we can still make a good deal-this is now up to management to prove Molyhill actually has some value
since very little of the Molyhill project is now incorporated in the SP (most written off by market) any good announcements related to Molyhill should have strong +tive impact on the SP
THR Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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