TRH 0.00% 83.0¢ transit holdings limited

"wall to wall" potash, page-6

  1. DSD
    15,757 Posts.
    My perception of TRH is:
    1) The deposit is large.
    2) Contains some very rich areas of 35+%.
    3) We need to get access to Federal land to make the project worthwhile. I reckon this is 80% likely otherwise i would not invest in company.
    4) Fed approval will be given within 3 months.
    5) The 1st drillhole has potash well below 30% and thickness about half that anticipated by company CEO.
    6) Another poor result from 2nd drill will severely hamper SP.
    Hence, a share only for 'true-believers' and high risk investors.

    But i am ultra bullish re fertiliser prices over next 5 years. A sharp drop in prices of potash early next year would not surprise me but medium term a chronic widespread food shortage will see huge frantic demand for fertiliser of all types.
 
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