Thank you tcisboss. Had a look at ORM - market cap £33m implies THR base SP should be a bit over 4p (~ 6 cents).
An interesting quote from Ormonde presentation: "Companies holding large tungsten resources located within the Western World hold a strategic position"
TUNGSTEN MARKET SUMMARY Increasing global demand for tungsten (driven by China) Limited growth forecast in worldwide primary supply China tightening control of its domestic tungsten industry China reducing tungsten exports to Rest of World China’s costs of production rising significantly RoW supply shortages forecasted from 2012
Good news for THR starting production in 2013
THR Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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