STB certainly have enough going on at the moment to justify a higher market cap, the gold and nickel explorational upside are worth more than the $10 million market cap, but its when you add in Lake Disappointment East (potash) and Cardabia (phosphate) the real value in STB really emerges.
Buying STB at these levels you are virtually getting any upside from the new fertilizer division for free, the only thing holding back STB at the moment is the fact they are awaiting granting of the exploration licenses once this formality is out of the way expect some serious gains going forward as exploration begins and there is always the lure of news of new phosphate/potash deposits as the company has highlighted.
There is no doubt RWD and MAK are well advanced compared with STB, but judging by recent trading activity more and more people are realising the potential that lies in STB.
With an agricultural super cycle upon us, you can't go far wrong holding MAK,RWD and STB.
STB Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
