STB
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0.00% 40.0¢ south boulder mines ltd

$4 club

  1. defplayer
    3,134 Posts.
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    06/01/11
    10:51
    Post #: 7693789
    STB is about to join the $4 club. Let's recall the fundamentals.

    Potash in Eritrea, target 500mt - 750mt @ 21% - 25% potash.
    Potash current price is $350/t but some contracts are struck at $550/t.

    My estimate:
    Sales $36b (500 @ 21% x $350)
    Total cash cost $24b ($230 x 105mt)
    Capex $3b for 2mtpa production
    Profit $9b. NPV (10) over 25 years = $4.26 per share on inferred resource of 500mt.

    STB Price at posting: $3.58 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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