valuation 40$+ (based on my calcs)

Just couple of day before drilling results, here is my assessment.

My assessment is based on recent brokers valuations for different potash explorers (STB, SXX(AIM)...)

TRH is aiming for 100Mt with the current drilling program. This will give us SP of 2$.

However, the thing with TRH is that it will have proved that potash is there and drilling results is consistent with previous results. Based on this, it will be sitting on possible 3-5 Billion tons of high grade potash!. This is comparable to billions barrels of oil (even better) for oil company.

We are getting valuation of 40$(bottom level) with 3-5bt.

Anyone who wants to confirm this can check research reports on TRH website.

I think we are gonna see 5$ easily following drilling results, just like STB.
GLA