Thor Mining in Molyhill concentrate off-take deal

Thor Mining has received a Letter of Intent from US-based Global Tungsten & Powders Corp. of Pennsylvania(GTP) in respect of scheelite concentrate off-take arrangements for Thor’s wholly owned Molyhil tungsten project in the Northern Territory of Australia.

The Letter of Intent provides terms for a future off-take agreement, subject to successful technical and legal due diligence, and also to Thor securing necessary funding to develop the Molyhil project, including:

– Off-take for in the order of 70-75% of the annual production of scheelite concentrate from Molyhil.

– Off-take for the current 4 planned year life-time of the mine with right of first refusal to a 2 year extension term.

– A market price of the scheelite concentrate based on discounts to the London Metal Bulletin (LMB) Low Tungsten APT European free-market price.

Story provided by StockMarketWire.com

Paul Hodges: house prices could fall 50% in 'Great Unwinding'

Merryn Somerset Webb interviews Paul Hodges about deflation, the global economy's 'Great Unwinding', and how Britain's house prices could halve.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


27 January 1969: Students set up the LSE-in-exile

Students at the London School of Economics occupied the University of London Union building on this day in 1969, in protest at the erection of new security gates.