Hi everyone,As can be seen in the newest January 2012...

Hi everyone,

As can be seen in the newest January 2012 presentation on ELM's website (see my previous post), Brazil is clearly our target market.

One of our competitors, Verde Potash has just released a PEA stating their OPEX to be US$273.70 per tonne. Their share price has been smashed 20% on the news.

See this link:
http://www.mining.com/2012/01/31/black-day-for-verde-as-investors-see-red-over-brazil-potash-project-preliminary-economic-assessment/

This company has claimed that their goal is to be able to fully accomodate Brazil's growing Potash needs in the future.

In comparison, ELM's OPEX is US$99 per tonne FOB.

We will be able to deliver it to the gates of the Brazilian farmers cheaper than Verde can get it out of the ground.

We have a very exciting 6 months ahead of us I think.