Although not legally obligated, it would be nice if Thor would attach some explanatory notes regarding their admin costs.
With the perceived (and obviously real) lack of progress as of late, it's obvious that investors want to know where the admin costs are being spent and whether it is money being well spent.
Pescefritte, regarding whether I seriously see positives for Thor over the coming months, yes I do. Significant news on milestones set by Thor have not been forthcoming lately. It is easy to assume the worst, deficiencies in management have been apparent and there has been a lack of information given to shareholders, but things may not be as bad as some would like to imagine.
In a conversation I had with Mick last year we discussed raising funds, he said that it wasn't difficult for Thor to raise funds, it was a matter of finding the best solution to minimize fees associated with raising the funds. At the time he was looking for more cost effective sources of funds, which may have some relevance to the late announcement regarding a placement and current cash position.
My opinion on Molyhil is that it is far from a dog. Some further shallow drilling on nearby prospects, a steepening of pit angle and a slight recovery in Tungsten prices should change things dramatically.
Knowledge of the Molyhil resource, metals prices and general market conditions have changed dramatically since the last DFS (which attracted an off-take agreement). I believe the old DFS is no longer relevant.
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