Sorry to see you get out at a loss KL. Good luck with your future investments/speculations.
Personally, I have a different view about the short and medium term prospects of Thor. Mid 1.5's, although scary to look at when you know how much your holding was worth a few weeks ago, offers a very cheap buying opportunity for Spring Hill over the coming months, and if you're holding you could regain at around 20%/0.3c increase. I find it hard to imagine that all the speculators on the ASX and especially on the AIM (or at least some) won't want a piece of the drilling program at Spring Hill. It's a get rich quick dream! Spring Hill is already borderline feasible, and some positive results will put it beyond doubt.
That's all short to medium term.
Molyhil: Yes, if all things stay the same in the DFS, it's a bit iffy. If they can get a 7% improvement in economic factors e.g. the tungsten price holds where it is or goes up, pit design etc we could have a 6+ year mine life with much better returns than stated in the DFS.
Funding: $70m is small change to some of the companies that are desperate to keep a reliable source of Tungsten. A Tungsten supply could be more important than a couple of extra % points. There are plenty of companies holding enormous quantities of cash at the moment. If Warren Buffet is right, we might have a funding source.
Anyway, that's all in my own opinion.
Add to My Watchlist
What is My Watchlist?
