JOHANNESBURG (miningweekly.com) – Aim- and ASX-listed Thor Mining on Thursday announced that it had approved an upgraded definitive feasibility study (DFS) for its Molyhil tungsten project, in Northern Territory, Australia.
The 2015 feasibility study demonstrated a net present value of A$67-million for the project.
At the date of this report, the price of tungsten, per mtu of APT (Ammonium Para Tungstate) was $315/mtu, while the molybdenum price has climbed strongly in recent weeks to $12.35/lb.
THR Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held