primary target low hit today, page-3

  1. 1,194 Posts.
    Limited downside from here, imo, preliminary U assays from Harts due soon (read now!). TEM survey targets from Haler River and Plenty Highway due soon (read now!)

    These results will provide info for U drilling in March/April.

    Extension drilling for Molyhill due in February.

    Off-take and finance arrangements for Molyhill due before mid-March, I'm tipping Chinese company Western Mining as being the off-take "partner" and providing equity finance but see problems with this being perceived well by the market as Penfolds, who have a mandate to put the deal together, are a top ten shareholder in Thor and also a minor owner of Western Mining (Chinese version) and the Company (Western Mining) is not a recognised "major player".

    Quarterly, due soon, should provide more insight but Feb, March, April all potentially exciting.

    SP presents good opportunity to accumulate at the moment.
 
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1.0¢ 1162547 5
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