"large & high grade res" means low cost mining

ELM have hit also ONE OF THE HIGHEST GRADE SYLVINITE HORIZONS IN THE WORLD on hole EK-13.

Hole EK-13 Thickness: 3.73m, K2O grade is 34.48% (KCl grade: 54.72%).

I have never heard of this high grade on any of the producers and explorers during my research so far. (If anyone knows pls let me know)

When you look at ELM's total project all of the sylvinate layers are high grade as well.

The mining of high grade ore provides "LOW COST MINING".

Can you imagine the mining of 54% KCl from the ground!

Let's say you and me are both mining sylvinite layers in different underground mines. We are both cutting 1000 tonne of sylvinite rock every day and sending this to the surface plant for processing.

My sylvinite ore contains 54% KCl,
your sylvinite ore contains 24% KCl.

By the same process cost;
I extract 540t KCl a day
but you extract 240t KCl a day.

Can you compate with me on sales prices?
Of cource not. I can kill you any time.

"High Grade" is the advantage of ELM's deposit; LOW COST MINING.

If we consider that we have "a very large exploration target" now, the whole project is being a giant high grade deposit.

This is main point that ELM will be able to start the mine development quickly or will get a nice takeover offer.

Now you can go and read my old post again if you like.
Post no. 6206399 on 18th Jan.2011
"go long where bhp short; a takeover scenario...we have a great chance of being taken over by BHP"