It's called finance Brucey. Big game changer as far as i am concerned. All I can say is historically STB was last 20c on the 4-1-2010 and hit a high of $6.25 on 1-3-2011. Oh! how it hurts saying that. Any way, since then South Boulder Mines have had the resource increase through Engineering Scoping Study. Results were favourable, proving that an economic 1Mt p.a. potash mine can be built at half the cost of a typical potash development. South Boulder Mines also struck a Key strategic Joint Venture Agreement With Eritrea (ENAMCO) regarding ENAMCO’s participation in the Colluli Potash Project. Definitive feasibility studies will be complete in 2013 with production scheduled for 2016 or sooner. The Colluli Project will be one of a few “Greenfields” potash mines to come into production in the next 10 years.
So Brucey, why do you think that $6 is unachievable?
P.S. I was being conservative with the $6 quote, however, you are right about the 6 month timeline. 2016 is 2 years & 6 months away.
I will buy more if this heads lower.
Cheers.
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