STB 0.00% 40.0¢ south boulder mines ltd

Fursty,Excellent summary. Another project that it may be...

  1. 49 Posts.
    Fursty,
    Excellent summary. Another project that it may be worthwhile comparing STB with is Allana Potash which has defined total resources of approximately 1200MT (gross tonnage) at 100 – 300m depth on the Ethiopian side of Danakil depression. This is a relatively shallow potash deposit but as all other potash projects in Ethiopia, the mined products need to be railed/trucked over 700km to the deep water port in Djibouti. This will add significantly to their total costs. Interestingly, Allana’s share price was also hit very hard about 4 weeks ago but it recovered very quickly and is now claiming steeply back to June/July levels (i.e. near 100% increase from its low).
 
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