Ann: Carnallite Scoping Study Completed & ENAMCO , page-28

re: Ann: Carnallite Scoping Study Completed &... panda7, you make it sound like a lower production rate is better lol.

ELM will be producing 2 million tonnes per annum not 1 million tonnes.

STB have just announced that CAPEX for 2 million tonne per annum will be $1.52 billion which equates to $760 per tonne.

ELM's CAPEX after infrastructure deals are done will equate to $660 per tonne of production. See ELM's presentation.

So to summarize, ELM will have a cheaper CAPEX & OPEX and possibly greater Production rate than STB.

ELM's Potash project is far superior to STB.

That is it from me.