I admire your optimism snowkat and sincerely hope you are right...

I admire your optimism snowkat and sincerely hope you are right and thor produce something at some point.

with regards springhill nothing has changed with the resource itself or the path to production, thor simply own 100% now. MB had a mou with crocodile gold but clearly decided to not bring springhill into production for whatever reason. Personally i feel MB is obsessed with molyhil.

Admittedly I do not have 30 years mining experience but i do have 35 years heavy engineering experience both onshore and offshore. The idea that Molyhil could produce in 2016 is (in my opinion) fantasy. Even if finance was agreed and arranged today, considering all the hurdles to producing at Molyhil the best I can see would be a late 2017 early 2018 production date.

And that is ignoring the fact that he only has a gentlemans agreement for 70% of product, 30% remains unwanted! this still puzzles me, if you had a company that needed tungsten why would you only want 70% of production for 5 years? why not renegotiate and have molyhil operate at 70% production and agree to take 100% of product for say 7 years?

I've been in and out of thor for nearly 10 years now, the best result for investors i can see is a sale of springhill or molyhil with funds used to further explore dundas and hopefully find something rich and deep ;-)

Sadly I just cannot see MB producing anything of worth...his track record is one of selling off assets...

MT