daytrading april 11 morning, page-297

ELM

two more drill holes ain't going to make much difference since ELM already has a massive resource

the aim of the drill holes was to prove up more 50% KCI potash so ELM could adjust their feasibility study for a lower capex & opex scenario for the 1st five years of production

so the two new drill holes, while being superb (37% KCI) were essentially failures rather than successes

these two holes make little difference to ELM

what will change ELM is JV arrangements

regards