Another listed company ( on the Toronto exchange) with a potash deposit similar to ELM’s is Alana potash ( tsx code AAA)
The difference is Alana’s deposit is in Ethiopia vs our’s in Congo
Elemental has a resource base of 580MT of Potash
Alana’s has a resource base of 290MT of Potash and is situated a few hundred km further from a port than that of Elemental.
Yet its current market cap in Toronto is $111m CAD……and ELM’s is $67m ?!?!? Go figure?
Ann: Ceasing to be a substantial holder , page-9
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