IMO, T+3 break thru 26.5 will send it quickly to first pause techno target 40+ ........ representing a market cap around est capex size, which is what u would expect in first instance anyway.
Curious to see if Chinese deal is for HNC to pay entire capex+ for 50% of Molyhill ala CMR Base Metals JV. Cant see uranium being part of this JV (ala CMR).
Would mean they might also get back all capex paid to date inc exploration costs for Molyhill (if they follow the CMR model) .......... and YES "IT" ......... if so, such would mean no debt, plenty of cash in hand, unencumbered cashflow at 50% from Molyhill, guranteed offtakes ....... and MOST importantly for THR shareholders, NO DILUTION .......... a BIG BONUS coming into the U-exploration plays.
Only guessing but see no reason for it NOT to follow the CMR model ......... and if so, HAPPY OLYMPIAN DAYS ahead praise Zeus.
And I keep reminding myself this is a free call option on advanced Uranium in the NT. No-one has bothered thus far to review the potential of THR's U-leases in here, yet we should as a priority, given these were picked out ages ago by BTV who vended in for THR scip. So we might be excused to expect them to be of higher "quality" than more recent U-plays coming outa the woodwork these days.
IMBOOC
PS Hera, do u ride a pushbike ?
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