thor's tungsten

Tungsten prices are again on the increase.

Some rough figures:

If Thor can recover 85% tungsten out of their 13,100 tonnes (measured so far), at current tungsten prices will equate to just under 400 million dollars (if analyst expectations are correct, tungsten prices will rise substantially over the coming years increasing this number). This is not even accounting for Molybdenum (10,400 tonnes) and Iron ore (18.1 tonnes). Of course we need to find about 70 million dollars to fund Molyhil and there will be some other costs, but with such robust figures it's easy to see why Chairman and CEO Mick Billing is so confident about Thor's future.
Spring Hill drilling over the next few months will substantially add on to the current 274000 oz JORC resource. If deep Callie style drilling is successful, Spring Hill could compare with the multi billion dollar Newmont Tanami Callie mine.
Dundas also has multi million oz gold potential.

With a market cap around 20 million dollars it leaves room for substantial share price appreciation. And with June beginning on Friday, Thor's Molyhil DFS could be as close as a week away.

Very exciting times ahead.