reward minerals shares soar after potash negot, page-43

ELM only has guessesn of $600 to $700m. no scoping study or feasibility has been done. however, it should stack up cheap than most underground potash mines because:

(1) it is close to the coast & port

(2) it is only 300 metres deep, compared to the standard 1,000 to 1,500 metres deep in Canada

the only estimate of capex i know comes from this interview:

http://www.elementalminerals.com.au/Downloads/Directors_Interview.pdf

"The CAPEX for our plant will lie
between 500 and 600 million
USD. This plant will have a capacity
of 600,000 tons per annum.
It would cost another 100
million USD to expand this facility
to a capacity of 1.2 million tons
per annum. The CAPEX of 500
million USD includes an own port
facility, power supply, roads and
a camp."