TRH 0.00% 83.0¢ transit holdings limited

Dodgy1,I have a VERY hard time swallowing the CAPEX for the...

  1. 3,159 Posts.
    Dodgy1,

    I have a VERY hard time swallowing the CAPEX for the project...

    But taking into account the global enthusiasm for Potash the potential of this project, and location of project, I'd say that the project will be taken by a major once proved. Or farm out 75% like some of the big base metal projects around the world [See IRN for example].

    The CAPEX will not hold back share price appreciation on good drilling results and a JORC. TRH should [if proven] reach a Market Cap of between $100M-$300M.

    But it's still high risk until they prove the resource and get mining permits etc. But as possible multi-baggers go this one is lower end of high risk based on its low market cap, good historical data backing up the claims and management network.

    All in my opinion of course :)
 
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