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South Boulder Mines Ltd (STB) is an exploration company primarily searching for gold and nickel, with tenements mainly in Australia. STB's key asset is the Duketon Project, situated within the Duketon Greenstone Belt of Western Australia.
Company History
South Boulder Mines Ltd was incorporated in Western Australia on 21st August 2001. STB listed on the ASX on 17th October 2003.
Differentiating Factor
STB has established a Nickel Joint Venture with nickel producer Independence Group NL (IGO). This joint venture highlights the potential of the Duketon Greenstone Belt to host significant nickel sulphide mineralisation.
Major Customers & Competitors
As an explorer, South Boulder Mines has no customers at present. STB competes with gold explorers including Arafura Resources NL (ARU), Danae Resources NL (DNS) and Midas Resources (MDS). Competing for exploitable nickel sulphide are Heron Resources (HRR) and Cazaly Resources (CAZ). Markets for both these commodities are global, and STB would ultimately be subject to international competition.
Financial Summary
Year to n/a
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2004
n/a
(15.9)
(0.7)
(0.6)
0.0
2005
n/a
(57.8)
(3.7)
(3.9)
0.0
2006
n/a
(37.1)
(2.1)
(3.3)
0.0
2007
n/a
31.2
2.0
2.5
0.0
2008
n/a
(16.0)
(1.6)
(2.4)
0.0
2009
n/a
(27.1)
(1.4)
(1.9)
0.0
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
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$ 0.780
