Hi all,Hope you don’t mind my joining your discussion here. I...

Hi all,
Hope you don’t mind my joining your discussion here. I regularly read this board as it has good fair exchange of opinions.

I’ve been in thor since 2009, should have sold when it peaked in 2011, but really believed (or got greedy) that it would go on & produce tungsten & share price would sail past 3p to possibly 6p or 8p+, now we are at 0.5p in uk, with 50% more shares, not good. I have further invested & lowered my average & still have hope that this can be turned around. However, it does look grim with regards finances.

I agree that no ‘real’ progress has been made since 2008, what we all want is an off take agreement, until that happens sentiment will remain low.

But there are some positives; molyhil increased resources as did spring hill. Looking back at my notes, pre increased dfs, molyhil was estimated to return cash flow to the company of A$10m+ pa & add 8 cents to the share price & this was with a tungsten net price of $203/mtu, currently tungsten is at $350/mtu & would return a net price of $300/mtu, that is a 50% increase in returns based on resource price alone? Even now the figures still look attractive.

I’ve looked & looked but cannot see any reason why Molyhil is not viable. It compares favourably with other tungsten mines like Wolfram Camp, Los Santos, Spain & others. It has an incredibly low pay back of 1.7 years!! The worst I can find is a marginally low recovery rate & possibly short mine life. Would this stop a buyer coming forward?

All things considered, what i’ve researched, read, heard, i still believe in thor’s potential, but i must agree that it does look a very very very poor performance by management. How can they have under achieved so spectacularly? Why are the major investors not having a fit?

Also I am deeply disappointed by thor’s communication or lack of...

I hope things turn out well (profitable) for all invested here. From my perspective, It’s not the resources fault....management should stand up now & be honest with themselves & us...not quiet...
MT