STB south boulder mines ltd

Ann: Scoping Study for the Colluli Potash Project, page-14

  1. 37,911 Posts.
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    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
 
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