Search
SOUTH BOULDER MINES LTD (STB)

SOUTH BOULDER MINES LTD (STB)

  Print

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE! Already a member? Login now!


General Information
Company Name: South Boulder Mines Limited
Stock Code: STB
Website: www.southbouldermines.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 106
Equiv. Shares (M): 116

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.910 $ 0.880 $ 0.930 $ 0.870 $ 0.870 146,501 $ 0.040  4.598 %

Company Overview

Business Description:
South Boulder Mines Limited (STB) is a diversified explorer focused on potash, nickel and gold. STB has a 100% interest in the Colluli Potash Project in Eritrea and a 100% interest in the Duketon Gold and Nickel Project in Western Australia.

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 Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -4.4 -5.5 -- 0.0 0.0 0.0 --
2010  A -4.3 -6.9 -- 0.0 0.0 0.0 --
2009  A -1.6 -2.7 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Newcrest Mining (NCM) $19,048 M -0.0667 0.0087 0.2610 16.9330 16.7869 13.3119 0.0201 0.0141 0.0158
Oz Minerals (OZL) $2,510 M -0.3975 -0.3391 0.1668 7.4560 11.2823 9.6694 0.0738 0.0462 0.0492
Regis Resources (RRL) $1,745 M -- 0.7927 2.3481 45.1991 25.2123 7.5302 0.0000 0.0000 0.0298
Sundance Resources (SDL) $1,217 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
South Boulder Mines (STB) $101 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
STB -- -- 5.77 -- --
Market 0.80 12.1 1.33 1.35 1.68
Sector 0.41 9.48 1.05 1.04 14.3

Directors
Name Position Start Date
Mr Terrence (Terry) Ronald Grammer Chairman 16 October 2007
Mr David (Lorry) Lawrence Hughes Chief Executive Officer,Managing Director 23 May 2008
Mr Liam Raymond Cornelius Executive Director 21 August 2001
Dr Chris Gilchrist Non-Executive Director 14 October 2011

Management
Name Position
Dennis William Wilkins Company Secretary

Substantial Shareholders
Holding Name
7,007,338 (7.59%) Cornelius Liam Raymond
7,097,021 (7.69%) National Nominees Limited
10,566,291 (11.45%) HSBC Custody Nominees (Australia) Limited

Calendar of Events
Date Event
29 April 2013 Report (Quarterly)
29 January 2013 Report (Quarterly)
29 October 2012 Report (Quarterly)
29 October 2012 Report (Annual)
18 October 2012 Report (Quarterly)
27 September 2012 Report (Annual)
27 July 2012 Report (Quarterly)
Search for Managed Funds, Superannuation Funds and Retirement Funds Find a Managed Fund Reduce your fees and save money on your Managed Funds with our 100% Entry Fee Rebate 100% Entry Fee Rebate

Login
Email
Password
     Log me in automatically in future
Forgotten password? | Secure Login | Terms & Conditions
Free Membership

Membership benefits...

  • 100% entry fee rebates
  • Cash back on your managed fund investments with our innovative TrailCap™ program
  • Independent research on...
    • over 1,000 managed funds
    • over 300 ASX-listed Companies
    • top performing suburbs/postcodes
  • Access to IPOs/floats & other investment offers
  • Superior investment tools...
    • Portfolio manager
    • Watchlists
    • Alerts
  • Regular investment e-newsletter

Advertisement

Portfolio / Watchlist

Start a new portfolio / view your existing portfolio.
Track all your assets and manage your investments easily.

Trade Shares Online from $19.95^

eNewsletter

Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now!

Free Guides

The Essential Guide to Trading Shares

An educational booklet with information on making money from home through share trading.

More details...


News

Hindsight is a wonderful thing - and so is the market

Sydney Morning Herald 26/05/2012 | A huge buying opportunity. It has gone up ever since.

Come hither and run barefoot among my stocks of memories

The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:

Briefs

Sydney Morning Herald 26/05/2012 | CONSTRUCTION

IN BRIEF

The Age 26/05/2012 | IRON ORE

IN BRIEF

The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...

Find a beta stock in rebound or rue one that got away

Sydney Morning Herald 24/05/2012 | The brutal selloff in shares between May 1 and May 18 has been very instructive for traders.

More...


Sponsored Links

More from our network...