http://www.magindustries.com/innerpage.aspx?pageid=125
MAG has a tenement nextdoor to ELM that is apparently
?the best undeveloped potash project in the world"
http://www.miningweekly.com/article/magindustries-in-talks-with-several-potential-backers-2011-03-25
ELM has announced KCI of 22-40% whilst MAG stated 17.3% with below 200mt proven.
If ELM comes out with 300mt+ JORC then its going to dwarf MAG's so called ?the best undeveloped potash project in the world"
Glad I am in before the rest of Europe and the Americas wake to it!!! Bring on $10!!!
In June 2009, a National Instrument 43-101 compliant technical report estimated proven and probable reserves of 33.2 million tonnes of potash which can support a reserve life of more than fifty-four years at a projected production rate of 600,000 tonnes per year. The 2009 Technical Report estimated proven reserves of 151.2 million tonnes of carnallitite, at a carnallite grade of 64.4% of ore and a KCl grade of 17.3% of ore, concluding with proven reserves of 26.1 million tonnes of KCl. The 2009 Technical Report further estimates probable reserves of 40.3 million tonnes of carnallitite, at a carnallite grade of 65.7% of ore and a KCl grade of 17.6% of ore, concluding with probable reserves of 7.1 million tonnes of KCl. Please refer to the June, 2009 Updated Reserve and Resource Estimate for MagMinerals Mengo Permit Area, Kouilou Region, Republic of Congo, available in the Reports and Articles section of our Resource Library on this site and on www.SEDAR.com.
http://www.magindustries.com/innerpage.aspx?pageid=125MAG has a...
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