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.
TRH Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held