FYI- CITIC entered non binding offtake agreements talks with THR...

FYI- CITIC entered non binding offtake agreements talks with THR in April 2008 when Ferro Tungsten Price was in a range of 40.00 USD/kg



Ferro Tungsten Price 48.50 USD/kg 08 Oct 2013 - 52 Week Low 40.00 USD/kg 52 Week High 48.50 USD/kg

surely, we must be on their radars- especially since recovery levels are also improving - not to mention how supply has substantially reduced since 2008 -

fyi if there are any critics saying im a tad rose coloured glass looking, ill rebut any such comments right away- Im a long term suffering shareholder here in thor mining that invested in the story sold to us investors but also on the position we sat at with a project that was supposedly "as good as it gets" not to mention a project which had many supposed producers knocking on our doors on the back of wanting a certain supply of a precious rare commodity, hugely required in the steel world - plz note that I havnt sold one share as the price has gone in reverse, if anything, I continue to average down even though I am still to date in the red - I still have the hope that there are still potential offtake partners still looking from afar, testing the waters to see how much better this project parameters can get and how cheap it can get before swooping with an offtake agreement- with that said, note the info below on just how well thor can do on the back of an early morning announcement stating that an offtake agreement has been signed from earlier sources of success

Thor soars on Molyhil off-take deal?

LONDON (SHARECAST) - Thor Mining gained a third of its value today on news it has signed an off-take agreement with CITIC Australia Commodity Trading for its Molyhil tungsten-molybdenum project in the northern territory of Australia.Thor Mining found investor support, climbing 1.875 to 7.75, following news of an off-take agreement with CITIC Australia Commodity Trading for its Molyhil tungsten-molybdenum project in the northern territory of Australia.


http://boards.fool.co.uk/thor-soars-on-molyhil-off-take-deal-10966023.aspx

foodforthought-
We understand that the company is still in contact with CITIC, the Chinese entity that had expressed a desire to off-take the mine’s production and that other organizations have also been in contact.

http://www.thormining.com/documents/investor_information/media_articles/2010/Thr%20Hardman%20&%20Co%20Research%20Report%206%20Aug%202010.pdf