anatolI?d like to commend you on your excellent research. Thank...

anatol
I?d like to commend you on your excellent research.
Thank you very much for sharing it with us.
I suggest we can simplify things a little and safely assume a final process recovery rate of saleable product from sylvinite resource in-situ of 20%.
An exploration target at Kola of 170 ? 300mt (average 235mt) would mean a potential range of saleable KCL of 34 ? 60mt (average 47mt).
When we dream of 1bnt resource (200mt of KCL) it gets really interesting!
I?d suggest open cut mining is not possible.
Perhaps room and pillar for the shallower sylvinite and solution mining for the carnallite resource?
CAPEX of USD600-700m for a 600ktpa operation and another USD100-150m to expand to 1.2mtpa sees USD204m pa income ramped up to USD408m pa at current $340/t prices.
Mine-life: using the lowest Kola estimate of 34mt of KCL to market I get 56 years at 600ktpa?
What did you use to come up with $300m market cap for ELM with 300mt resource? The Athabasca/BHP deal? Seems fair enough to me, just interested in how you derived the figure.
Now that BHP has been canned at Potash we can expect them to be keen watchers of the Congo Basin?
Once again, thanks for your work!