As far as I'm aware (I havent been following STB) STB jumped on the maiden JORC being announced. ELM are yet to release their maiden JORC, but the investor presentation refers to it being announced during Q1 2011.
"On track to lodge a maiden NI 43-101 resource in Q1, 2011."
Note that current ELM estimates are based on sylvinite only at this stage - i'd expect a nice kick when the assay results arrive.
Highlighted in the investor presentation - "Carnallite drilling intersections (assays pending) suggest exciting carnallite upside potential."
K2P Price at posting:
$1.75 Sentiment: LT Buy Disclosure: Held