STB 0.00% 40.0¢ south boulder mines ltd

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  1. 1,239 Posts.
    Realistically the announcement had it's plusses and minuses,

    Plusses - nw corner contains potash, new assay results were in line with expectations.

    Minuses - the southern deposit appears to be closed off, I note the drill holes announced in the original phase 2 drilling program have not all been drilled and that drilling has moved to the northwest area, make of that what you will IMO the company thinks the same as I do and has moved the drilling to the northwest to have some positive info to announce, obviously we could still find potash deeper in the southern area. I note they have not drilled over the anhydrite boundary as per the phase 2 drill program as yet.

    Overall a good announcement the nw corner could quite possibly double the resource and we have scope to do a deal with ngex as their lease is within Eritrea.
 
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