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General Information

South Boulder Mines Limited
STB
http://www.southbouldermines.com.au
Diversified Metals & Mining
61
161

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.38 $0.39 $0.39 $0.38 $0.39 493594 $0.01 ( 2.56% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
South Boulder Mines Limited (STB) is a diversified explorer focused on potash, nickel and gold. STB has a 90% interest in the Colluli Potash Project in Eritrea and is the Company’s current focus.
Strategy Analysis
The Company is focused on the acquisition, exploration, development and mining of STB's resource projects which include potash as well as multiple gold and nickel prospects. South Boulder Mines provided its December 2011 quarterly activities report, reporting that a detailed engineering scoping study for the Colluli Potash Deposit was completed generating highly favourable technical and financial results. The results firmly confirm Colluli as a ‘Tier 1’ global potash asset with enormous upside potential and a definitive feasibility study (DFS) is well underway for completion in 2013. In addition, an initial JORC compliant Mineral Resource Estimate has been compiled for the Rosie Ni-Cu-PGE sulphide deposit comprising 1.74Mt @ 1.7% Ni (29,800t Ni), 0.4% Cu and 1.9g/t Pt + Pd (>1.0% Ni cut-off). The company is well funded to progress the Colluli DFS and is in the process of finalising a fully underwritten 1 for 5 entitlement issue to raise ~$10.7m.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -4.4 -2.7 0.0% 0.0 0.0 0.0% 0.0%
2013 A -5.3 -4.1 0.0% 0.0 0.0 0.0% 0.0%
2012 A -11.8 -10.4 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $93,910M 0.1223 -0.3230 -0.4018 10.9349 16.1511 26.9991 4.39% 5.37% 5.52%
Iluka Resources (ILU) $3,655M -0.5350 1.4439 0.5730 61.2202 25.0502 15.9248 2.18% 3.12% 4.39%
Rio Tinto (RIO) $24,137M -0.1938 -0.4311 0.0932 9.1918 16.1565 14.7792 4.61% 5.00% 5.33%
South32 (S32) $12,617M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
South Boulder Mines (STB) $63M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 6.08 0.00
Market 0.99 17.00 1.32 1.59
Sector 0.76 13.80 0.70 0.50

Directors

Name Position Start Date
Mr Paul Donaldson Chief Executive Officer, Managing Director 29/04/2014
Mr Liam Raymond Cornelius Executive Director 21/08/2001
Mr Seamus Ian Cornelius Non-Executive Chairman 15/07/2013
Mr Anthony (Tony) William Kiernan Non-Executive Director 15/10/2012
Mr John Daniel Fitzgerald Non-Executive Director 19/02/2015

Management

Name Position
Amy Just Company Secretary
S Tarrant Head of Finance

Substantial Shareholders

Holding Name
14,965,829 (9.99%) Sprott Asset Management Inc
10,000,000 (6.67%) Kam Lung Investment Development Company Limited
10,000,000 (6.67%) Well Efficient Ltd

Calendar of Events

Date Event
27 April 2016 Report (Annual)
25 April 2016 Report (Quarterly)
29 January 2016 Report (Quarterly)
29 October 2015 Report (Quarterly)
25 September 2015 Report (Annual)
27 July 2015 Report (Quarterly)
29 May 2015 AGM
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