trh has not run on potash yet.

My interpretation of the last few months of trading;

1) The share price rose from 19 cents to 39 cents after 22nd Dec Colombian coal announcement

2) The share price retreated to 27 cents after the coal deal lost momentum

3) The share price rose back to 35 cents based on the 37%+ investment in RAD. I calculate the investment value at $8.97 million at 34.5 cents DYOR. The EV of TRH was slightly negative at one stage of the RAD run.

4) I can not see any value assigned to Potash. It is only a 2mtpa scoping study. GGG might not be able to mine their rare earths in Greenland yet they still are 360 million market cap. TRH just need to get a JORC.