TRH 0.00% 83.0¢ transit holdings limited

$1.50 easily today!, page-45

  1. 1,200 Posts.
    TRH has an exploration target of 2.3bt @ 20.8%K2O

    ASX-listed explorers are valued at 0.50-2 dollars per t/K2O so reasonable valuation is 150mt=75 to 300m AUD EV

    that's 107c to 430c based on approximately 70m shares

    the valuation will be towards the upper range given the location and discount to shipping costs IMO

    figures taken from the PATERSONS Fertilisers Book Sep11

    confirmation of the target potash beds with expected widths should see the SP above 200c easily but at that stage the company will start wearing a huge TKO sign...IMO

    the doctor got this one right I think
 
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