comparison with peers

ELM is being acquired by Dingyi group for about AUD$190million. The grade and other attributes of ELM, IMO are very good, though the question arises how good is POK in general with its peers.

Found this nice comparison from Fosters http://www.southbouldermines.com.au/files/110722_Foster_Stockbroking_-_Potash_Sector_Report.pdf

Here is the relevant table from the report:

The JORC for POK is 902Mt @ 20% KCL.

So here are the approx. MCs for stocks with a similar resource:
ICP: $40m
MAA: $170m
STB : $29m (open cut)
AAA: $131m

Of course all these are at different stages of development, but here we are:
POK $12m