There are still many unknowns in the THR equation. How they anticpaite to raise in excess of 70 million (someone please calrify what the amount is?) when the SP is trading at 17 cents? Have they secured all long lead items? They have a crusher and that's it from the looks of things.
First concentrates will be sold for QOL in July THIS YEAR. They will be the first current Australian company to mine molly and tungsten in Australia and will beat THR in the race by AT LEAST 12 months.
Their plant is in fact rated at 300,000 tonnes per annum and resource is based on less than 20% of the strike.
THR has higher grades than QOL yes that is correct and can mine an extra 100k of ore per year. They have that in their advantage.
THR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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