re: Ann: Scoping Study for the Colluli Potash... good announcement today, scotching that previous non-sense in their presentations they could produce up to 10mtpa
1mtpa in potash production is around a 5mtpa mining operation
could easily be doubled but the past presentations that said possible 10mtpa of potash production (i.e., 65mtpa mining operation) were non-sense, supporting the non-sense about a $40 to $100 share price valuations
apart from the debated political risk, $1.50 is reasonable value for now for 1mtpa in 2016
at $500/t potash and $85/t opex, STB does have the potential to be a $10 stock based on 1mtpa production
of course, doubling the output to 2mtpa can make STB a $20 stock
but those hoping to get their $6 back will be waiting a while
good luck
Ann: Scoping Study for the Colluli Potash Project, page-14
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