Future, page-12

the carnalite deposit Vale is spending $4B on, has only 300Mt at 12% KCI

http://www.vale.com/EN/investors/Quarterly-results-reports/20F/20FDocs/20F_2013_i.pdf

where as ELM's carnelite deposit is Inferred Resource of 1.29 billion tonnes of carnallitite grading 21.72 % KCl including 520 million tonnes grading 24.58 % KCl within the Hangingwall Seam

of course, ELM have, in addition, their world best silvinite deposit with measured & indicated sylvinite mineral resources of 573Mt at an average grade of 33.1% KCl

Vale are crazy