from the fosters report tradedemon provided link to, it reads;
"Maiden JORC expected Q3CY12. With a drill program planned for completion Q2CY12, TRH expects a maiden JORC resource to follow. Due to drilling confined to State leases we do not expect a material resource estimate until federal land is accessed to demonstrate a better understanding of the continuity of the deposit. Management are currently working with the BLM to gain approval for drilling on federal land and anticipate approval to be granted within next 12 months which will see a ramp up in exploration activity."
Is 12 months a long time to wait ?
Will SP re-rate just on the state land results at all, or only when Fefderal land is drilled ? ... that's the question I suppose when you wonder if buying @ 64c today is a good way to tie up your money for the next 12 months ?
TRH Price at posting:
64.5¢ Sentiment: Hold Disclosure: Held
