Ann: CHANGE IN DIRECTORS INTEREST NOTICE APPENDIX, page-11

re: Ann: CHANGE IN DIRECTORS INTEREST NOTICE ... Hi Cuppa

Redux sums up the situation well. We are waiting on Permits which may never come.

Here is a presentation from American Potash (50% owned by Confederation minerals and the Presentation is located at http://www.confederationmineralsltd.com/) Some Key points from this presentation include;


"R.J. Hite of the US Geological Survey estimates the potential of Cycle 13 as approximately 711 million tonnes of K2O*. American Potashs AOI covers at least 50% of the area of Cycle 13 in Hites estimate


At $500/tonne, and assuming this potential potash resource is entirely economic and recoverable, it would have a gross value (after production) of roughly $177.5 billion USD (approximately equivalent to a 25 -30 million ounce gold deposit at todays prices)

The US is the second largest consumer of potash in the world & has a shortfall of 3.5 million tonnes per year

Being in the US gives an $88 /tonne cost-saving advantage over Saskatchewan "



You can compare TRH's and American Potash's exploration targets by using TRH's April 2010 Exploration Update. My last post does highlight that Potash sales could be approaching $500/tonne in Midwest USA.

I wish TRH had made further progress in 2010. I can not understand the logic behind spinning off a drill ready Iron Ore Asset (that could be worth $200 million), while Potash is a sleeper and TRH have sufficient cash to drill. Reading between the lines, the only logical reason for the spin off would be to prepare for takeover or introduce a major investor. There is no current evidence to support these assumptions however.

It is interesting to note that TRH has now started organising MOU's with Water Right holders. This could be a major issue in the future, but TRH and the Other Utah explorers must obtain prospecting permits first.

Finally, the 2009 Presentation states that TRH are looking to acquire the 90 square kms of 3d seismic data completed in the central part of the project. I do not have a current update regarding 3d seismic. If the permits are granted, such a purchase might result in reducing exploration costs. TRH have purchased 2d seismic data that covers the project area. It would be great if management could update the market on the results of the 2d seismic analysis.