let the colluli elephant run free, page-2

INHO I will be surprised if by the end of Sep we are not well north of $3.50

Why - We have the JORC upgrade due for Colluli into the indicated categories (i feel this is one of the reasons why ELM currently has a superior MC to STB atm, as STB have alot of their resource in inferred) due in the Sept Qtr.

We have the initial Jorc resource due in the Sept Qtr for Duketon Nickel and as stated the resource extends atleast another 250m than previously thought. This may equate to STB's share being in the higher range of recent valuations ie. 75c per share.

We are due for the Scoping Studies for the Colluli deposit, which IMO will blow the sceptics and competition out of the water when it is released. This should be a real kicker for a huge SP gain. As hinted by the MD on it's progression, 'the Scoping studies continue to show a world class project'

Also we are likely to receive first gold assays from the 10,000m drill program.

Lastly we should be getting our first glimpse of what Area B at Colluli grades have to offer

Excitment should be coming back to STB very soon, the real valuation of STB will take care of itself, good luck holders.