Now let's talk about "budget for an initial drill campaign that will include the drilling of 4 exploratory wells on the State lease locations".
Do we have enough cash for this 4 holes drilling or do we need to do CR? Look at our neighbor, American Potash LLC (GREEN RIVER POTASH PROJECT AREA), opposite TRH's, cross Colorado river, about 15, 20 km apart. They have the same 2 beds 18 and 13 and this was their budget to drill 2 holes 2450m each, deeper than us (1900m). Approximate Total $1,180,500
Our is 4 holes(1900m) should be around $2,361,000, let's make it 3 mil. Do you think we have enough cash?. I think we have.
TRH Price at posting:
75.5¢ Sentiment: LT Buy Disclosure: Held
