A couple of points I noted before my decision yesterday (foolish or not) to take a position @ $3.10.
Terry Grammer also of STB is not a name to ignore.
STB in 12 months - from 26c to $6.00 = 2,207% profit STB in 24 months - from 04c to $6.00 = 14,900% profit
Agent86 post on 02/03 summed the rest up nicely imo
"Consider:
Satimola is still classified a junior in mining parlance (may therefore need the expertise of people at the industry coalface, namely Terry Grammer of STB and FMJ).
Satimola seeking to raise $100 million via an IPO (an amount which Fortis can now easily accomodate, with Madame Chueng and GEM on board, and an accelerating market cap).
Satimola was seeking listing 2nd quarter of 2011, with listings in both London and Hong Kong (2nd quarter, so timing looks favourable and HK, Madame Chueng connection).
Satimola will need to find $600 million to build the required infrastructure (a large amount which would be hard to raise without equity partners, and that could rise to $3 billion if they seek to expand their output, from 700,000 tonnes to 6 million).
Other facts:
The world will be in deficit by the time Satimola starts producing in 2013, only 2 years away.
Satimola's project is second only to BHP's Jansen mine, and Potash Corp's Saskatchewan mine" ~ from Agent 86
FMJ Price at posting:
$2.53 Sentiment: Hold Disclosure: Held
