Mick Billing, Executive Chairman, speaks to Share Talk while on a company visit to London, UK, this week.
He talks about the advanced Molyhil tungsten project in the Northern Territory of Australia, the feasibility study in which THR holds a 100%. It pays the capital back to investors, we hope to deliver dividends to shareholders along the way.
Finances are the key, on the back of the offtake, we are looking at direct investment, people who provided finance, we have a few balls in the air right now.
The cost to bring it into production will be around $43 million, and we can then build the infrastructure. We have a strong team with many decades of experience between the them.
The current share price, l think the market is not factoring in our assets, and we believe our team will deliver the news that the market will have to take into consideration – calculate these factors in.
Mick talks about the other company projects, money in the bank and he states that our cash burn is relatively modest.
Company Website www.thormining.com
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