Hi Profume
I agreed with JC. The 2012 DFS is the worst case scenario.
"Pit optimisation studies by Runge, however, reveal that a relatively modest 7% improvement in economic factors has the potential to increase the reserve and mining life by over 50%. By contrast a 20% deterioration in economic factors shows a modest 13% reduction in mining life and reserve."
The figures/parameters used in the DFS is conservative (And it should be since it is a DFS) (e.g. price of tungsten at 354/mtu).
Give THR some time if you are not looking for a quick trade.
In regards to the comparison of the NPV & IRR & Surplus cash between the 2006 & 2012... I still don't have an answer for the big differences. BUT i got to say that the figures from the 2006 seems un-realistic after reading a few other DFS (WLF & KIS).
IMO, Our 2012 DFS NPV, IRR & surplus cash figures are REALISTIC figures and it is pretty good considering our reserve & resource size.
There's no doubt room for growth in Molyhil. I suspect that Molyhil will be more profitable than just 4 years of mine life with $62Million profit over the LoM. Read the 2012 DFS Ann again and you would understand where i am coming from.
Springhill potential & the future of Molyhil are the factors that's keeping my money in THR.
ALl the best!
Kiddo
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