I am confident that THOR are progressing and will have a buyer for their metals.
The market for Moly and Tungstan are tightening however, any potential offtake partner needs to consider all options open to them.
QOL is expecting to be granted permission to mine their moly / tungsten deposit any day now. I would imagine that any potential offtake partner would have to consider QOL's mine and any other potential mines before agreeing on the terms of the offtake agreement. At the same time, assess the potential of future moly / tungsten prices whilst the US economy is on the rocks. (plus the election)
Be happy in the knowledge that THOR is undervalued given the projected cash flows. I am happy that THOR have chosen to fund the mine with an offtake agreement rather than dumping shares onto the market which would dilute our current holding.
We will be rewarded.
THOR is undervalued, increasing demand for moly + tungsten, China restricting exports of specialty metals, strong potential to identify significant uranium and rare earth deposits.
Oh yes, we will be rewarded. With hindsight we will be very happy that THOR chose to fund the mine through an offtake partner rather than dilution of our holdings.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $6.397M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $16.69K | 1.854M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 723421 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 3184390 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 167866 | 0.009 |
9 | 2045082 | 0.008 |
6 | 777355 | 0.007 |
4 | 566833 | 0.006 |
3 | 917727 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1500000 | 1 |
0.010 | 1384390 | 4 |
0.011 | 713872 | 3 |
0.012 | 694871 | 2 |
0.014 | 355000 | 3 |
Last trade - 14.29pm 21/07/2025 (20 minute delay) ? |
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THR (ASX) Chart |