Potash stocks on fire in the last week. Allana, Passport in Arizona and STB today. Maybe the sector is heating up again?
Here is the Pure Speculation Report
"Potash performers
CONTRACT sales to China have been locked in at $US470 a tonne, and Foster Stockbroking expects potash to head over $US500/tonne as India seeks new supply.
However, the Canadian cartel that recently did the deal with China says it has no capacity left for India, so it looks as if the Israeli and Jordanian mines will pick up that market. Analyst Haris Khaliqi has identified what he considers the cream of the Australian potash crowd. He sees the possibility of predators running their rulers over Eritrea explorer South Boulder Mines (STB), which possesses the shallowest deposit in the world -- most potash is deep underground, which makes drilling, let alone mining, hugely expensive. His other picks as potential potash producers are Elemental Minerals (ELM) in Congo-Brazzaville, Aguia Resources (AGR), which is in the agricultural powerhouse of Brazil, a country that now has to import 91 per cent of its potash, and Transit Holdings (TRH), at whose Utah project drilling is imminent. It is worth pointing out that the AGR and TRH projects had already been drilled by oil and gas companies, and it was they who found the potash."
TRH Price at posting:
63.0¢ Sentiment: None Disclosure: Held
