gloveski, razza12Regarding valuation, STB has three projects in...

gloveski, razza12


Regarding valuation, STB has three projects in Gold,potash and nickel/PGEs which are all planned to be drilled this year (next round of drilling at Rosie should start end of month). Despite the recent sp gains if you strip out the cash and other small holdings the market values each of the three at just ~A$5M at the current STB sp price.


Early days on each with no defined resources but either one has the potential to reach critical mass for STB this year imo. Recent buying is hopefully related to C2 results and upcomming Rosie drilling. Recent spp and unplaced shares may also be a factor.


Chart, key TA aspect for me is bullish volume pattern in the last 6 months followed by unfilled gaps within a steady uptrend. Buying in the last three days looks to have reached similar range to highs in early Sept and early Oct so may need to consolidate without any project updates.


Todays high was also very close to the all time highs in mid 2008 which probably gave traders incentive to exit. Perhaps a speeding ticket in the am tomorrow but would prefer drill results.