TRH transit holdings limited

can someone

  1. 4,420 Posts.
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    Can someone please let me know what the geological evidence is for potash within the lease area? Do they have some rock chip data, or old drillhole data, that gives this evidence? The company line is not clear on this (sorry if this repeats something already discussed; I am a complete newcomer to this stock):

    "About the Project
    Transit has entered into an agreement giving it the right to earn up to 90% in the Project.
    The Project covers applications for 89,000 acres of highly prospective potash permits in the
    Paradox Basin in south eastern Utah.
    The Paradox Basin Potash Project is located close to the key agricultural regions of the United
    States and as such is ideally situated to supply fertiliser manufacturers and agricultural
    cooperatives in the western and south-western United States. The Project also has substantial
    export potential given its excellent proximity to key US rail infrastructure.
    An exploration target of 2.5 to 3.8 billion tonnes of potash ore at 20% to 30% KCl has been
    delineated within the Project by independent consultants Agapito Associates Inc. and Transit
    and its joint venture partner"
 
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