misleading presentation material by competitor

Check out page 22 on the updated presentation by AGR released 24th march 2011.

Here's the link:

http://www.asx.com.au/asxpdf/20110324/pdf/41xmn85nvdx6jm.pdf

It states that ELM has 23.3% KCL which is incorrect. A convenient little error on their behalf perhaps? They have stated our K20 grade as KCL. Very tricky.

ELM's KCL is in fact about ~37% which is clearly the best grades on their peer comparisons by a mile but they wouldn't want that on there would they given that one of our biggest markets will be Brazil.

This also affects the graph at the bottom where it shows 55 million tonne which is clearly misleading.

I will shoot off an email to ELM management to let them know.

Anyway, AGR will need all the help they can get. 1.5 to 1.8 kms deep, 12% KCL, solution mining. Good luck being economic.