maybe the post is gone. its not too hard to go and have a look at SFR (not a cop out I'm just lazy to do it on a friday afternoon when a beer is calling me) and match the spikes in SP to announcements and you'll find the type of grades & widths that THX need to pull out to move to 20c, 50c and $1... noting that at $1 THX would be a $250M company.
my thesis per se was that getting to 40c or 50c wouldn't be that hard and things in Doolgunna region are better now than they were then; drills going everywhere and getting alot of attention. Its the 50c plus range where they are going to need alot of high grade consistency to turn it from an exciting prospect into a potential mine.
I love the fact that SFR have spent all that money building a processing plant and are acutely aware they are running out of ore to fill it. there's no doubt in my mind they are interesting in THX because of RB.
if THX come up with the goods at Red Bore and SFR prove up their theories on TLMs patch (Currara Wells is around there someplace) I think you will find they will seriously consider having a crack at buying THX. but thats the blue sky - for now the existing story is good enough and I think 20c will be a distant memory very soon.
THX Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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