My feeling is that the off take agreements are a done deal....obviously risk management protocols mean that future partners need to have the i's dootted and t's crossed...before the signing ceremony ! But the numbers stack up no probs.
Same same with financing.
My personal opinion is that Tungsten and Moly prices will continue to rise for the next 3 - 4 years.
China is slapping export restrictions left right and centre across most precious metals. They will end up importing more and more commodoties.
Demand will not stop overnight.....and supply is simply not there due years of little exploration during low metal prices. There are very few Tunsten / Moly mines coming on stream globaly.
THR is in a great position with a JORC resource, 5 year mine life minimum....and location to boot!
EPS ~ 11c you do the numbers from there using any PE ratio say 5 - 8.
Patience will be rewarded.
In the background, we have some very interesting U dirt at Hartz Range / Plenty.... containing tasty REE/O assays. Still early days yet, but it's a great "X" factor to have.
Time will tell as Pirra says :)
Salute!
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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