I just bought back in again.My common sense keeps telling me to...

I just bought back in again.

My common sense keeps telling me to focus on more price inelastic commodities like food and energy, but it is hard to find good plays. With Copper and Precious metals it is easy to find Producer and Near term who have great upside. In Agriculture and Oil it is not so easy.

Anyway, this story looks a bit like MNB - great resource, and the ROI looks good, however, that does not guarantee that the project will go ahead anytime soon.

What drives that must surely be supply and demand dynamics and cost benefits of this project over others.

Looks like ELM ticks all boxes, just a matter of what happens first, Co. runs out of money or signs a deal, and that is beyond my ability to forecast.

Am prepared to loose my small investment on this one, am not prepared to chase it after a deal is done, but averaging up would be acceptable :)

Will I average down? probably not, depends if the market has a silly day, but then everything is cheap.