TRH has no Iron Ore Assets as they were all Spun Off to RAD.
TRH is now in Due Diligence phase on Colombian Thermal Coal Project (Could be 250mt - 2billion target according to recent acquisition and number of shares given to vendors at certain milestones). They might not even continue with the project acquisition but it does look likely.
TRH has Utah Potash applications. The only potential reference to Potash in the Coal announcement was "This will harness the strengths and experience of the TRH Board and management in identifying, exploring and developing large projects in bulk minerals." Potash is obviously a bulk mineral. Most advanced Potash explorers worldwide are $100+ million companies while most UTAH/ARIZONA explorers struggle to reach $10 million.
The coal project could keep TRH busy and demand a large amount of working capital. TRH will need to update the market re POTASH as the latest market spin was that they were planning to submit drill permitting applications in the December quarter.
I did not take up Iron Ore prospectus. I had no Money at the right time. I prefer Iron Ore in West Africa.
TRH Price at posting:
27.0¢ Sentiment: None Disclosure: Held