Hey B, what is your rationale for thinking $10? I mean I do see this multiplying quickly, but STB is very shallow. But I suppose you could offset it with the grade and it's location. But they have got a JORC proven resource.
I think the interesting point about Potash it's not that hard to find, it's hard to mine economically and have it close to your markets. This is why TRH potentially has a very powerful position. With their costs at $187 pt then that leaves a lot of profit even at current levels. Combines with potentially high grade and a large deposit you can see why it has run. Although it does still have a very small mc compared to its peers.
Be good to get a first initial response to the cores.
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