The directors of South Boulder Mines saw the writing on the wall earlier than most.
They forgot about gold and nickel and went hunting for phosphate and potash, securing the Lake Disappointment East Potash project -- conveniently located next to Reward Minerals' JORC-compliant, 27-million-onne potash resource.
A classic case of "near-ology'', or a potential windfall?
Wise-owl analysts believe the latter and say the market's insatiable appetite for fertiliser stocks will drag South Boulder into the stratosphere if it delivers a resource.
"It has a similar story to Reward Minerals, which has gone absolutely ballistic in the past few months,'' Wise-owl equities analyst Imran Valibhoy says.
"It's still in the early stages, but we feel these guys really do have the potential to become quite a big player in the market.''
STB Price at posting:
0.0¢ Sentiment: None Disclosure: Held
