I would also like to add that if you chart the performance of...

I would also like to add that if you chart the performance of ELM from Jan 2011 against grain prices you will see a correlation between the SP and falling grain prices. When grain prices fall farmers will silo grain in the hope prices will rise in the future so they will possibly not sow as much crop in the current year. Unfortunately the climactic conditions in Aus make for another bumper harvest this year. If global climactic conditions are ok then we can expect another decline in grain prices and further storage of grains. This will result in smaller crop areas being sown in future years. As a result the demand for fertiliser will fall. I think this is a factor in the SP decline across numerous explorers at the moment.