sorry to see we won't have any posts from you as you stand in the corner....
This thread post of yours poses a few questions that you may be able to answer. 1. what are Potash's reserves? Production? 2. how far away from production is ELM?
The JORC maiden reserve will be interesting, but what will be more interesting will be the progress of the drill program and updates in reserves - hopefully to the billion ton level.
We know ELM will need $400-$600 million to develop Sintoukola and that they hope to be in production in 2014. I guess what I'm looking for is a metric to value them now, and how to adjust that as they de-risk with JORC reserves, finance, etc.
