0) Is it just for fun? They love drilling? Or are they going to plant trees in those holes? (:-))
1) Why ELM is drilling so many holes then?
2) Is this deposit wide open for kms to drill so many holes?
3) Will ELM prove huge amount of potash by drilling this many holes?
Here is the answer was given before on my post no 6371546, on thread subject;
"2 bt sylv. resource possible by new drilling"
It shows that ELM may prove up to 2 Billion Tonne HIGH GRADE SYLVINITE RESOURCES in next 12 months if they make a 2 x 16 hole drilling program and a seismic survey towards west (Dougou) at the norht and south sides of the prospects.
That cover 10 km (east-west) x 25 km (south-nourth)area. 10.000 m x 25.000m x 6m (Thickness) = 1.5bt volume 1.5bt volume x 2 (gravity of KCl) = 3bt KCL gross deposit
33% (1bt) deducted for anamolies and the small fault line goes through (EK-03) to to south.
And the rest is 2bt gross KCl resource. Also, there is more extension to both west and south.
This is only for the very high grade 6mt average 2 layers of sylvinite horizons. (thickness is close to 8m atm for those two layers, but I am making it ave. 6mt)
This could make ELM the biggest high grade potash reserve owner of the world.
I belive in ELM.
So,... go luck to sellers.
Cheers
PS: The only thing needs to be changed on this graphic is, the Phase 2 drilling will be on the north section (it is shown as Phase 3 on graphic) as north section has better sylvnite horizons than south section)
K2P Price at posting:
$1.90 Sentiment: Buy Disclosure: Held