Heck it has only been six trading days since the gap up from 50c and considering it was at 20c at the end of last year 75c is not to be laughed at - this is a healthy retrace after a rapid spike, nothing to be too concerned about IMO
From a fundamental perspective, fully diluted at this stage we are still barely over 35mill MCap. At this price TRH is hardly looking overpriced LOL.
In this market for Potash it is almost difficult to comprehend, but that is the way the markets work, need to take the time to tick the boxes and move in an orderly direction upwards.
I firmly believe that some people are going to look back in six months and regret selling this one so early.
If the early estimates in the latest report are accurate and TRH are able to bring this mine into production circa 2015 with Potash prices even at $500 (the general consensus in some circles is considerably higher) this will be a mid tier company valued in the billions (Based on 2mtp/a production).
I know these figures are always played with on almost every up and coming micro cap, but TRH with the level on management and quality of resource have a better chance than most of actually pulling this one off IMO
And Potash is hot.
As far as $1 this week, who knows? It is certainly possible (I stated at the beginning of last week that I thought it could get to $2, and then retracted the call - it was premature).
I am almost certain this is heading north so there is no way (even if there is a cap raising) that I am losing my seat on this ride, as I have seen what can happen once the punters really turn up the heat on these type of plays.
Anyway, you may or may not agree with me. Just AIMHO
And I do agree with you, at this price on a risk reward basis it is an absolute no brainer LT Buy (if your time-frame is long enough to accommodate the possibility of short term bumps)
TRH Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held
