A good day. Above ground and vertical. A small draught of lime...

A good day. Above ground and vertical. A small draught of lime kool-aid, and so......

We need to ask ourselves what is ELM worth.

There are as many cost models as you can poke a stick at.

One potential parallel I've been looking at is the shake out in Queensland CSG exploration lease holders - Pure and Arrow.

There are similarities. In-demand commodity, plenty of wealthy suitors, industry consolidation.

There are differences:
- no real substitute for potash
- potential scale of Sintoukoula - world class versus regional class
- more and bigger suitors

I find it difficult to put a figure on what ELM is worth, or what we the shareholders should choose to sell out at, without soiling my underwear.

It truly is a once in a lifetime opportunity. ELM, I mean.