Spider-I agree with you in being very cautious. I follow a number of potash juniors (KCL, API, WPX, MAA, AAA, NPK etc.) that have released preliminary assessments and/or full bankable feasability studies and every one of these companies released capex and opex.
Possibly, there were some variables in relation to calculating the opex that STB's management could not firmly establish since potash open pit mining is not common and also working in Eri.
Anyways, let's hope that STB brings in some world class financing people ie. Friedland and they get this project moving forward. STB will not be in a good position if they complete their feasability study and there is no financing arrangements. This is what happened to Mag Industries (potash project in the Republic of Congo) and at the end they were sold for a small percentage of their value.
STB Price at posting:
82.9¢ Sentiment: None Disclosure: Held
