..have got some helpful comments from JY to my latest inquiry.
After receiving the assay results from Bundey he will take now external advise from a consultant re new targets (base metal or U). To reduce costs Thor may look for a JV.
This year a new drilling campaign will commence at the Molyhil region to test some areas -probably in November- they already contracted a rig.
Talks re finance through groups in Australia and Hong Kong are going on but are not easy these days.
Prices for moly/tungsten should be strong 'til 2012.
During the last two months Thor has reduced office and staff costs.
JY is vigorously looking for new complementary projects.
New information we will get with the next quarterly soon.
THR Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
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