STB south boulder mines ltd

Ann: EXPLORATION UPDATE , page-6

  1. stb
    226 Posts.
    Hello Stranger,

    Stb slides across the keyboard and gives misterg a big hug and serves bacon and some good old fashion Omega 3 eggs.

    Welcome back :o)

    I am just getting ready to go out and I noticed that my questions I asked have finally be answered.

    1. When do you expect the second drilling team to arrive and commence work.
    2. When do you expect current drilling team to recommence after holiday break.
    3. When do you expect next resource update, thought may/June.
    4. When do you expect pre-Christmas results to be assayed and receipted.

    The rest is just fab news. Very happy with the update.

    What I actually appreciate is for the first time we have a projected timeline of events that will happen on the Potash side. This report actually gives me the confidence I have been seeking to remain a very long-term shareholder of STB. Maybe management has finally woken up and realised that shareholders need to be kept informed in the company that they own as well.

    In my humble opinion, I can now feel confident that the share price will rise very comfortably.

    I note that the gravity surveys have now moved into the area I had mentioned in one my previous postings to the North West of the tenement.

    What I like now is that I can see clearly see the layout of the operation. That NW gravity testing is a really positive step. I wonder if they will call that phase two or whatever. They clearly show measured, indicated and inferred resource so we can all sit back and actually talk turkey with some degree of understanding. I think todate some have made assumptions without truly undestanding exactly on how this report reflects the basis of where each part is.

    Eg: measured = red, indicated = yellow and inferred green. Now I can really get my head around this.

    I think today's statement will give confidence to many shareholders and potential shareholders sitting on the side who have been waiting. They can now plan their buys/sells, and move up the ladder. I can see some larger shareholders wanting to consolidate their holdings to higher levels as the share registry gets tighter.

    With this news are going to be able to see rises in advance of announcements maybe.

    I feel 4.85 is now a good price for the stock at this stage from 4.34 to 4.40. After March/April announcements I would not be to surprised if the stock went into the high 5's low 6's and hovered their till SS was out of the way in June. If they make an unexpected announcement or if Mr Hughes does well on his Roadshow I think we are going to be looking at much higher prices in the share price because more investors are going to become aware of the stock. There are only 77 million shares, that?s simply peanuts. If buffet blinked at the stock yikes. No I am not jacking the price mods.

    Thank you Mr Hughes for answering my questions and I am very delighted.

    Misterg, really very nice to see you back here. I gotta get ready will be back later on today depending on how I feel.

    Gabeh, you a wonderful lady, I hope you can buy back in some stock so you can stick around and enjoy the party one day with us even if it is in a virtual world.

    Can't wait to see the techie guru's of the family giving us their perspective's.
 
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