re: Ann: Identification of Third Potash Seam ... Yes, quarterly...

re: Ann: Identification of Third Potash Seam ... Yes, quarterly shows a huge spend, however they raised the $50M last year with the intention of spending it to fund their DFS and BFS.

As much as we rip management, they must know what they are doing, we could'nt do better.

I imagine they still hold sufficient funds to complete this show, out to beginning of next year. Once full JORC, DFS and BFS completed, we should find out what the future holds for ELM.

My pick is endgame at $1.50 per share mid 2013. Not brave enough to put any new dollars in though.