mitis - This is all part of Risk Vs Reward! Depending on your entry price you can't achieve a 5 or 10 bagger return if all the definitive answers are already "in the bag".
That said, this is how the serious money can be made!
In this specific stock, it would be prudent not to get too over focused, or start splitting hairs over the precise grade or depth of potash, encountered with each drill result - especially the early stage State drills.
The real action will come once the Federal Land Permit is granted, followed by drilling on said Land. These are the holes that will almost certainly produce the good stuff!
Just to zoom out and look at the big picture, I actually believe, so long as the overall JORC is "deemed adequate" together with known historical "good stuff" then the magnitude of this project will still be a beauty!
It is said that in tough times, financial or otherwise that precious metals are a good safe haven, and that's probably sound advice. Other tangible assets such as energy investments, may be safer than paper money etc.
At an absolutely grass roots level, where basic survival of human life is at stake, I think reliable food supply (globally & locally) would have to be right at the top of the list of priorities!
Potash = Fertilizer = Food Production!
Lots of Food Production requires lots of Potash!
I believe TRH may well have a "bigger than Massive" supply. Not that long to find out!
These are just my perspectives - hope that helps.
DYOR.
- Forums
- ASX - By Stock
- second state hole
mitis - This is all part of Risk Vs Reward! Depending on your...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online