Think a dollar might be optimistic - but happy for it do that given I bought my options at 5c :). Still just hoping its good news, somewhat reassured by their mention that "permit approval reports have been lodged with the BLM and now reviewed and approved in-principle by the BLM"
Looking at it objectively - $1 is certainly feasible given +ve ann re permit and scoping study given low number of shares on issue and size of potential resource. Tho how many people have heard of transit and likely to take notice of any news? Therefore, I think it will still take a little time to work toward what i would consider fair value even with great news.
Im thinking more like 50c but of course the flip side is disaster if no approval. For option holders its all or nothing really given we're 9.5c above strike price. Tension builds...
TRH Price at posting:
34.5¢ Sentiment: LT Buy Disclosure: Held
