Ann: TRH Presentation - Iron Ore Strategy , page-4

I would like to increase my stake but i am wary of a cap raising. 4+ mil in cash is fine but if undertaking 2 drill programmes i suspect there wont be a lot left after that. And this doesnt take into a/c the spend that would be happening in the US on the potash project. I dont like the comment about all decisions being on hold "indefinately" also. Seems the are shifting their focus back to the Iron ore project to take the heat of the potash expectation. Still with a mkt cap of 9 mil and the upside in both projects its got a lot of upside if they can get even one of them to start to happen.