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Thor Mining look for early payback at Molyhil

By BFN News | 11:19 AM | Thursday 17 May, 2012


Thor Mining, the exploration company focused on gold and base metal projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia, says it is close to having the findings of its definitive feasibility study on Molyhil, with the ore reserve expected in the next few weeks and the mining report shortly thereafter. What is already clear now, however, is that at the prevailing price for tungsten, Molyhil has the potential for an early payback of the capital required for its development. At 11:19am: (LON:THR) share price was +0.03p at 1.43p Story provided by StockMarketWire.com

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