STB 0.00% 40.0¢ south boulder mines ltd

why i like

  1. 1,400 Posts.
    1. right sector. that's important - it accounts for >50% of your return.
    2. Phosphate looks potentially attractive to me. Not sure about potash. Both early stage and who knows about their merits.
    3. Market cap @27c of $12m ($17.5m fully diluted). So the leverage to success is high. Any news of significant progress (eg infrastructure, a JV, drilling results, good new projects etc) will cause a large re-rating.
    4. $3.1m of cash and liquids, which is plenty at this stage.

    Stock seems to trade quite erratically - could indicate the presence of daytraders and / or stale bulls (from when the co was focused on Nickel etc).

    Short term I suspect the register will tighten up significantly and it could move higher.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.