TRH 0.00% 83.0¢ transit holdings limited

Mitis - 12 months ago, pre-drill, you could have argued times...

  1. 3,159 Posts.
    Mitis - 12 months ago, pre-drill, you could have argued times were good enough for a market cap of $80M-100M.

    People are more defensive/cautious so leading into drilling I personally think TRH is a fair buy around $50M. In recent weeks I've averaged up significantly, but still well buffered from any adverse result. 42c weighted average.

    Post a POSITIVE drill result... I think the market would be foolish to not value TRH at $100M leading into its maiden JORC.

    Maiden JORC is still a few months away, and first drill result is likely 4-6 weeks. Might range trade 80c-110c until we are shown the Potash. Then on-wards march to $100M.

    If the first drill is a miss... Ouch! Will collapse. But that doesn't mean all is lost. TRH have a huge area to chew up.

    Patty-radamas has spoken LoL!
 
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