This changes the scene for this company quite a bit.The scoping...

This changes the scene for this company quite a bit.

The scoping study outlined a very exciting plan with very long production time from just one of two promising areas of the current area.

The ann. that TRH are applying for more ground indicates that they are planning something even bigger and/or want to keep other operators out of the area.

The news shared by mitis that TRH are working to share drilling costs with an oiler (I see there is an Oz based co exploring in Paradox Basin currently), which also means won't have wait for permits, plus Richard Monti's thoughts on soon locating to Utah to drive the project locally, indicates that the size and timescale may be ramped along.

I was previously of the view that someone else might end up finishing the project - now I have the view that TRH are likely to go all the way - and end up as an FMG equivalent in the fertliser world. They certainly have the contacts and the credibility with the funding institutions in the US (Monti was with FMG in the early stages)

When will the Aussie market realise what TRH have here?

A market cap today of under A$20 million !

Expect some action when back on market.