STB 0.00% 40.0¢ south boulder mines ltd

lorry gone, page-37

  1. 1,190 Posts.
    I think STB will eventually sell out to the neighbouring Bejing Soma mining group.

    There are other potash tenement holders but there on the Ethiopian side of the boarder. Poor Ethiopia is land locked, so they are pretty well stuffed.
    That includes BHP holding.

    The best alternative is for both sides of the boarder, to sell out to a single company and benefit both countries. That won't happen without a change in Eritrea govt. Whilst there us a current uprising it could go on for years.

    Note Ethiopia have mentioned in the media it only takes a few grenades and it's goodbye any proposed Eritrean potash processing plant. So the conflict on any proposed potash mine is very deep, particuarly when the mine / potash general area is right on the boarder. Had it been central Eritrea things would probably be far smoother sailing.

    One added point it seems the current Eritrean govt side with the Chinese as hey are building infrasture etc. They also brought Chalice Golds advanced nine at a fraction of the commercial value.

    Q with the neighbouring Bejing Soma potash mine, how advanced or what size is it?

    I think it's going to be a long wait for STB. Time is not on their side.
 
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