This was lifted from another forum. Make of it what you will.......
It offers a good comparison of the two projects.
"The Molyhill financial model is based on a mill throughout of 400,000tpa compared to QOL's 150,000tpa model. Also bear in mind that THR's moly and tungsten reserves are of superior grade to that of QOL's, in the former case a combined grade of 0.51%. The CITIC offtake is also valid for the entire mine life of Molyhill.
Thors model is obviously sensitive to a number of input parameters, but the base case scenario suggests an operating cashflow of A$116M for the project, after tax and royalties and before CAPEX. Therefore a net cashflow of A$45M is predicted (predicted CAPEX A$71M)."
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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