STB south boulder mines ltd

down trend - break out ?...yes imo

  1. 24,192 Posts.
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    Well it looks as if STB has been hammered since 1 March this year and has been in a solid downtrend ...that is right up until the last few days where you could argue that it has now broken out of that downtrend...

    You could also argue that given it has fallen from above $6 to now be in the low $2 range and has what is likely to be one of the shallowest/cheapest to mine potash deposits in the world and with step out drilling continuing to hit high grade that it is likely to be severely undervalued right now.

    I believe the Scoping study is also due in approx 4 weeks so potential good news on the way ...

    Compelling buy ? hmmm... YEP

    Anyone else agree ?

    All is IMHO DYOR to Confirm.
 
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