STB south boulder mines ltd

topped up

  1. 803 Posts.
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    Well I have done some posts and topped up. After doing the research and comparisons to the likes of ELM, I think this stock may have finally turned, why? Firstly look at the market cap compared to the earnings in 2016, yes discount back, yes take sovereign risk (note the Chalice deal with the Eritrean govt) but on a PE of 10X earnings 2016 this stock has market cap $6bn. Hopefully all the D & D holders are out, tax yr end finishing soon. News to come, scoping, updated JORC, listing in the US and I notice the buyers outweigh the sellers. Yes the macros are still a problem but the catalyst for me was an earlier post, never before posted on STB but stated its going to a dollar, based on? nothing when you get that it must be close. Will just revisit that Arrowhead research $9-$36, DYOR I have.
 
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