The potential in TRH is huge, i guess we all know that.
A study of STB gives some insights, they have some nickel too but the main mover of their SP has been their eritrea potash project, looking at a 1.5mtpa operation with capital costs around $500m-$750m. STB are now approx a $100m company (fully diluted)...TRH has a MC of $10m...STB are drilling out a very shallow potash deposit and therein lies the big difference, they have been allowed to drill!!...
I wonder if TRH is a classic black swan play...load up big and wait for the highly improbable ie. BLM approving permits. Sure we were fed some encouraging words in the last quarterly, but the BLM is a massive beuracracy....is it worth the wait punters?
TRH Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
