Crop prices esp soya beans, maize and what are much higher than 6 weeks ago and set to keep rising and rising. Brazil is huge producer esp soy. VALE desparate to diversify out of IO, and fertilizer is an obvious import into its established ports. The two companies face each other across the Atlantic. A bid to JV with ELM from more than one company is quite likely. i'm expecting a strong reaction to this. It may delay PFS as hangingwall is double the grade of other stuff and deposit is massive... AND simple to mine!! It's very positive news. As news heldline states... it's "exceptional".
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