potash looking profitable

By Roberta Rampton of Reuters

WINNIPEG -- Chinese fertilizer importers agreed to pay more than triple what they did a year ago to get hold of tight supplies of potash, sending the shares of global fertilizer makers to record levels.

China, the world's biggest import market for the nutrient, which is used to boost crop yields, will pay $US650 to $US670 a tonne for product delivered to its ports, analysts estimated.


This makes STB's 100% owned project all the more interesting.

Update on Potash Project at Lake
Disappointment East
South Boulder Mines is pleased to announce that it
has commenced a review of the potash potential at its
100% owned Lake Disappointment East Project.
The project comprises a single exploration licence
application (E45/3122a) covering approximately
572km² over the same lacustrine system which
contains Reward Minerals Ltd’s JORC compliant
potash resource of 8,635Mt @ 3.17kg/t for 27.37Mt
K2SO4. The licence is immediately east of and adjacent
to Reward’s Project area.
The prospectivity of this area has been enhanced by
recent significant strengthening in fertiliser
commodity prices and South Boulder intends to
expedite the grant of this licence with a view to
commencing on-ground work as quickly as possible.