..and every single road can lead us to the land of plenty and make this stock fly like it did in spring and even more!
1. Road to Molyhil
We have to pass 4 milestones during the next two months and one in 2008.
Possibly next week John Young will present the new open pit design with perhaps more than 300 million $ cashflow.
Mining reserve of the open pit can be about 2 million t
so 1.7 million t is left for the underground pit which can give us additional benefit.
Hopefully we will get an ann re underground-scoping-study soon.
Third milestone is the offtake probably with a leading international metals trader. A contract with a well known company could increase market confidence.
Then comes the financing-package and the start of the Molyhil construction phase.
Last milestone early 2008 is exploration and extension drilling around the Molyhil deposit. If successful, new resources may considerably extend mine life.
2. Road to Hatches Creek
This year exploration should commence (approval pending) at this prospective tenement where there's the old Wolfram Field. Copper and gold should be also in the ground.
At the end of the day this could be Thor's Molyhil number two.
3. Road to Plenty Highway
End of November assay results are expected. I'm sure that they've found some U (as John wrote me readings there are similar to those at Hale River) but maybe grades are not better like those from Hale. But that doesn't matter. With new equipment they possibly plan a phase II drilling campaign in 2008.
4. Road to Hale River
Nearly the same as Plenty Highway. We have got some results. U grades are not economic but it was only the beginning and the geological model of that tenement was confirmed. Best drill target remains untested- waiting for permission (CLC).
5. Road to Curtis Pound (U)
They want to use the same exploration camp as for Hatches Creek so commencement depends on CLC approval. Several anomalies are targets for some field work.
6. Road to Bundey River
Primarily this year test drilling should commence but maybe this tenement has now a lower priority but remains an additional chance for an U discovery.
7. Road to Harts Range (Thor's U-highway)
Soon extended rock chip sampling will commence at Daicos (REE). Next step is exploration at Indiana (Mt.Mary). Hopefully many prospective drill targets can be defined- drilling should start early 2008 IMO. They've saved some money at Hale River and Plenty Highway 'cause 2007 drilling was cut so there should be an adequate budget for a widespread hard-rock drill campaign at Daicos which surely will enthuse the market.
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