Comparisons can be a little meaningless as deposits grow, and I am no expert, far from it, so feel free to provide some constructive criticism, STB and other ELM holders (I am a holder) may want to comment, or clarify/correct some of these figures.
ELM 804 million tonnes high grade Sylvinite (at moderate depth) (indicated and inferred) at 31% KCI, share price $2.55 170 million shares on issue.
STB 550 million tonnes Sylvinite (at shallower depth) at 18.5% KCI, share price $3.98 90 million shares on issue. Exploration Target 1.25 Billion tonnes at 19% KCI.
TRH Transit acquired Citadel Potash Pty Ltd in 2009. JORC code compliant exploration target, based on Citadel's exploration of Potash bed 13 and 18 only, on the Paradox Basin tenements. Need to mine at 1,000 metres depth. 3.8 BILLION tonnes of high grade Sylvinite at 30% KCI. Share price 46 cents 45 MILLION shares on issues.
The Exploration Target was estimated by Agapito Associates Inc who have extensive experience in potash projects. Agapito has completed studies on a number of major potash projects including feasibility plans for solution mining Vale's Potassio Rio Colorado potash deposits in Mendoza Provence, Argentina.
Access to Paradox and the flood gates are going to open IMHO.
Gw
TRH Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
