short term target $2.18,shorter term target $1

http://www.rmresearch.com.au/wp-content/uploads/RMResearch_TRH_20110408.pdf

"The Company is steadily making progress in paving the way for a drill program at the Paradox Basin Potash Project (Transit earning 90%) where consultants Agapito & Associates previously outlined a JORC compliant exploration target of
2.3 billion tonnes of potash ore @ 32.8% KCl. RM Research anticipates that the Company may look to commence drilling prior to 30 June 2011.

"Transit is highly levered to Radar Iron (23 cps) and our medium term A$1.00 share price target for Radar Iron would translate to around 68 cps for Transit."

Research is paid for but the Magnetite recoveries at some of RAD's prospects rank with GBG and JMS.