Arrowhead Bus. & Investment Decisions publishes Due Diligence & Valuation Report on South Boulder Mines Limited (ASX:STB; FRA...
November 25 2010 - 10:00AM
Business Wire
Arrowhead Business and Investment Decisions, LLC
(“Arrowhead”) announced that it had published an updated Due
Diligence Research and Valuation Report on South Boulder Mines
Limited ("South Boulder" or "the Company”) on November 22nd,
2010.
A copy of the report is available on www.abid.co.
About South Boulder Mines Limited (ASX:STB; FRA:SO3)
South Boulder is an Australian- and Frankfurt-listed potash,
nickel and gold exploration and development company, focusing on
multiple potash, nickel and gold targets and prospects located in
Western Australia and Eritrea. The Company owns a 100% interest in
a significant and very shallow potash target deposit – the Colluli
Potash Project located in Eritrea, which has been drilled and
significantly advanced recently. The Company is also in
significantly involved in the Duketon Greenstone Belt projects
which contain the recent Rosie Ni-Cu-PGE discovery. The Company
owns 100% of all gold prospects and participates in a farm-out
Joint Venture with Independence Group NL (earning 70%) for
nickel-sulphide prospects. Both the Colluli Potash and the Nickel
targets in The Duketon Belt are currently being drilled. (see South
Boulder website for details).
Statements contained and linked to this news release are not
historical facts they are forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from
estimated results. Forward-looking statements are based on the
beliefs, estimates and opinions of Arrowhead analysts on the date
the statements are made. Arrowhead undertakes no obligation to
update these forward-looking statements if beliefs, estimates or
opinions, or other factors, should change. The information
contained and linked to this news release is purely factual and
does not constitute a recommendation to buy or sell securities.
Arrowhead received fees in 2010 from South Boulder Mines for the
research costs and other services including publishing this report
and investor relations services. Arrowhead is not responsible for
any loss, financial or other, directly or indirectly linked to any
price movement or absence of price movement of the securities
described.
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