Thanks peaceAKKIMakes very interesting reading. We must remember...

Thanks peaceAKKI
Makes very interesting reading. We must remember that TRH plan on releasing a scoping study which is obviously the pre-requisite to the pre-feasibility study, however if all appears in order and of a similar magnitude to Potash One it is a signficant indicator of the economics of the project and lays the plans in place for the next step.

Cap X may be high for a microcap but this is a rather invalid argument IMO.
Most small companies would either raise progressive finance to advance the project or be taken over at some point if they appear atractive to one of the majors. It is a case of proceeding towards each step of proving the resouce, pre-feasivility and feasibility study, mining permitting and environmentals along the way. As each box gets ticked the company will be move attractive to being funded or taken over, so long as the NPV remains robust.
The advance of TRH is that it does not have to dilute existing shareholders to achieve the JORC resource drilling or at least not subtantially for the pre-feasibility study. No dilution, higher SP for all!

No one would expect a microcap to raise billions of dollars next week!

Im not selling out for under $8!