STB 0.00% 40.0¢ south boulder mines ltd

stb value bracket has been revised upwards, page-3

  1. 13,963 Posts.
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    Stockexplorer,

    I know you are only reporting what someone else is saying, so I say this wrt them, not you, and I don't know who they are, or what credibility they have.

    Imho to suggest a fair value of $9, and by implication a mc close to $1 bn needs a huge reality check. There is huge dilution and/or selldown of assets to come before this company gets into serious production on either project, and meanwhile huge risks wrt both projects such that a huge risk discount applies atm.

    Happy to hold, but given the risks and the current sp this is no longer a bargain imho.

    EL
 
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