Thor Mining one to watch

p@,

Yes, the opencut would help, and also shipping untreated ore.
I'd think 'political risk' (ie. not getting permits, being shafted by govt taxes, environmental lobby) pretty low here. Sacred Aboriginal land?

All this makes the valuation more attractive.
The 4.5% holding by RGM might need to be disposed of, as RGM look to be short of funds; but if it can be safely placed, it won't overhang the market here.

In all, I think THR a better punt than RGM; haven't looked at RRR yet.

What annoys me is the 'dolly mixture' price some of these companies are priced at: 2p only tempts MMs to an artificially wide spread and discourages serious institutions.