STB 0.00% 40.0¢ south boulder mines ltd

lake disappointment , page-2

  1. 4,058 Posts.
    will this thing really be economic? it looks so tiny... i mean RWD can only produce 400ktpa off their massive land area... STB is like 1/10th the size of RWD's surface area. so you are looking at like 40ktpa... if you get $500/t thats like $20million a year... and if you got a capex like $100million thats mine pay back of like 7-8 years after OPEX....
    the only reason i am not saying this is an outright sell is because of all the optimism (perhaps unguided) about the potash/phosphate story...
 
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