Lot more to come this week. Could see a nice n quick +50% jump in the coming week.
Did a very rough 'Sum of Parts' valuation for Thor assets and get a circa 70-80 cents a share valuation with 16c just for Molyhil based on potential Upward revision in NPV to A$100m at current prices for Tungsten and Molybdenum. Pilot Mountain is 3x size of Molyhil with even lower cost/mtu ($8/kg). You get the picture. Excluding all other assets in Thor portfolio. In my opinion THR share price is significantly undervalued when compared to the impressive rally in commodity prices since 2015 lows & the addition of recent lucrative assets in company portfolio not fully priced in by the market at all.
THR Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
