Rail is not necessary ELM is looking to start with 600Ktpa,...

Rail is not necessary

ELM is looking to start with 600Ktpa, increasing to 1.2mtpa

Potash is a high value product

1.2mtpa is nothing

A small DSO iron ore mine produces 2mtpa & can ship by road

ELM are predicting USD 25/t transport cost savings to port vs competitors

Pointe Noire is 55 km from site, which is a three hour round trip for load, travel, unload & return; say four hours to be conservative.

Six 98 tonne road trains, making 6 deliveries per day, on a 330 day per year basis, can deliver 1,164,240 tonnes per year.

Road transport here is very easy & very economical.

Railway may cost $3m per kilometer. Total cost $180m, which is one year's profit when producing 600Ktpa.

In terms of transport, ELM has it all.