The updated presentation by AGR released 24th march 2011 is misleading investors because on page 22 it states that ELM has 23.3% KCL which is incorrect. It might seem like a little error but it is significant. They have stated our K20 grade as KCL.
ELM's KCL is about ~37% which is clearly the best grades on their peer comparisons by a mile.
This also affects the graph at the bottom where it shows 55 million tonne which is clearly misleading.
AGR will need all the help they can get. 1.5 to 1.8 kms deep, 12% KCL, solution mining. Good luck being economic.
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