john young presentation oct 02, page-2

  1. 429 Posts.
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    yes, very interesting and also a new company-presentation included.

    Some highlights:

    "Thor is undervalued and a real rising star!"

    "Despite changes in resource grade Miolyhil remains economically robust and technically viable."

    John hopes to release an ann re offtake this month.

    They have 6 potential offtake-parties and negotiations are ongoing now with two of them.

    Financing should not be no issue because of strong commodity markets.

    Financing should be finished before X-mas.

    Molyhil will go into production early 2009.
    (which is a little bit later than I've expected)

    Molyhil has groth potential.

    They are expecting some "nice results" obviously from Plenty drilling and are optimistic to find drill targets at Harts Range.
 
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