I too am frustrated by the lack of progress at Thor, Molyhil in particular, but I do see some positives in the economic climate that could change Thor's fortune in the coming months.
Tungsten has been tipped to rise again this year, a prediction on metal pages late last year tipped it going as high as $500 per mtu in 2013. That's a significant (and possibly wishful) rise from where it currently stands, even half of that would make a big difference to the current fundamentals of Molyhil.
Money for projects should also become more easily available if things continue the way they have been going recently. Japan, one the worlds largest purchasers of Tungsten is rolling out a large stimulus program which could fuel demand for our Tungsten and provide capital for our project.
If Thor can provide a more marketable product (a problem which probably should have been foreseen) and get a steeper pit slope angle included in an updated DFS, we will definitely be back in business.
But a question I am continually asking myself is - why is the proposed pit angle increase taking so long to be confirmed? This was discussed in August last year! It has the potential to make Molyhil a very attractive project and should have been high priority. I would love an explanation regarding this from the company.
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