Its good to see there is a large number of fresh new posters...

Its good to see there is a large number of fresh new posters following this stock now, it means the word must be spreading about the potential of Transit's little potash project in Utah....

For the benefit of newcomers to this stock here is a copy of a post made in Febuary regarding the realistic potential size of this deposit. In hindsight, and following a chat with the directors more recently, I think i've actually been too conservative, anyway i'll stick with it for now...


" Taking into account whats been mined at Intrepid's Moab mine for the last 40 years, the style of sedimentary deposit, grades and thickness of K2O which are believed to be consistant across the Paradox basin here is a likely estimate of the tonnage Transit will be aiming for...

93,000 acres = permit area

Firstly, just to be conservative, lets just assume only one third of the area is economic, therefore

31,000 acres equates to
48.43 square miles = 125,452,544 square meters

Multiply X 4 meters thick = 501,810,176 cubic meters

Mutiply X 1.98 density (SG)= 993,584,148 Resource tonnage

Multiply X 20 % Grade = 198,716,829 Potash tonnes

Assume 50% recoverable = 99,358,414 tonnes

Less 25 % impurities = 74,518,811 tonnes

Multiply by a very conservative US$400 per tonne

Equals US$29.8 billion in ground value! ( or a seventy year mine life at 1 million tpa )

Bear in mind thickness of deposit can be as much as 30 meters. Grade can also be as much as 32 % ( Intrepid averages 25-30 % at adjacent Moab mine )

For a JORC inferred resource each drill hole can be used for a 5 mile radius. So its possible if they already have existing data from 10 drill holes this info can be used for a resource statement. More likely an Exploration Target tonnage will be calculated first up and depending on what info is available from gamma ray logs and available seismic a few more holes may be drilled for confirmation.


Rio's Potasio Colorado mine in Argentina which just sold to Vale had a JORC resource of 1 billion tonnes at 30 %, with expected annual production of 1.6 million tonnes per annum.

So if Transit can prove up anything even half as good as calculated above it will have to be worth a few hundred million dollars at least.

What i'd really like to see is an independent expert report from a US based Solution Mining/ Geology specialist who gives a considered opinion on this. Agapito and Associates based in Colorado have already done alot of technical work for Intrepid at Moab next door and at their New Mexico mine, and also for Rio Tinto in Argentina including pre feasibility studies and resource estimates and logistics of pilot programs for solution mining etc etc..so i reckon if a company like that were to come out with some independant info to back this up we may get noticed.

Considering theres a meeting to approve this deal on 3rd March i reckon we'll probably see some more info divulged leading up to that...hope so anyway! "


update now... so with Agapito now on the job with the scoping study i guess in a few months we'll see what the pro's really think of this... don't be surprised if some of the Bigger global potash players are already asking questions, this is HUGE !

anyway i'm o/s travelling for a few months so wont be able to post for a while, but looking forward to checking back in here around Xmas! Cheers