I don't want to cause you to fear or panic (you should really...

I don't want to cause you to fear or panic (you should really discuss these issues with the company).

But potash prices are at rock bottom at the moment, with deals at US$227/t being made recently (google 'potash price' and read 'news')

While the total operating costs (OPEX - US$130/t) of the ELM project are excellent, it is the capital cost (CAPEX) and return on capital that make the project questionable at this time.

ELM have one of the best deposits in the world but big investments are all about return on capital.

Potash price: https://www.google.com.au/search?q=potash price&safe=active&espv=2&source=lnms&tbm=nws&sa=X&ved=0ahUKEwjU2ICOnL_OAhXCHJQKHdBRDDQQ_AUICCgB&biw=1280&bih=658