If what they say about evaporite deposits being laterally extensive, I see no reason why STB cannot repeat EPC's result, 45m thick at 680m depth. The presentation tells me EPC is just next to STB.
Results from drilling the five deep holes are definitely something to look forward to. Could yet add a few bucks to this share.
With the Chinese government holding the adjacent tenement, STB could just drop the potash "next door" and don't even have to worry about taking it to China. I could see a lot of cooperation between China and STB in jointly developing their deposits.
No native title issues to fight (Australia) and no green issues to overcome (Utah and Colorado, USA), only the fear of political risk that may not eventuate. Some may chose to wait for things to get better but then they won't get a potash deposit for $30k, $400m maybe.
STB Price at posting:
$4.60 Sentiment: LT Buy Disclosure: Held
