Upgraded Feasibility Study Improves Molyhil Economic Potential

An upgraded feasibility study on Thor Mining’s Molyhill tungsten project has improved the economic potential of the project, raising its net present value to A$67 million.

According to Mining Weekly:

With the projected capital expenditure remaining unchanged at A$70-million, the Molyhil mine was now expected to have a net present value of around A$67-million, as opposed to the A$28-million estimated in the original 2012 definitive feasibility study (DFS), while the internal rate of return had increased from 24% to 44%, after tax and royalty payments.

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