Another substantial pullback in SP. I've kept my lot as i feel...

Another substantial pullback in SP. I've kept my lot as i feel (as demonstrated in the Patterson report) that HW is a gamechanger. It will allow initial production to:
a) happen earlier.... deposit is shallow and uniform.
b) have far higher margins... massive grade increase.
c) has increased overall potential substantially.

newcomers can now get in at 77c or thereabouts.... some 19c lower than 36 hrs ago! As Paterson's note: The spare cash is rapidly running-out and will be gone by Christmas. Talks have starting re finding a financial backer and HW will make a huge difference. IMO it's a case of faith for investors. If one believes that:
1) Potash has a strong macro.
2) Mine is rich and able to produce high profits.
3) Brazaville Govt is willing to let ELM get on with minimal interference.
4) ELM management have capability to secure finace or JV partner.
Then it's a strong 'strong buy'. If one mostly agrees with these 4 points... but have some doubts... but doesn't want to miss-out, then it's a 'buy'. No investment is without risk. it's the degree that varies.

For traders: timing is key. I thought the upward momentum would see SP breech $1.00 mark and then stabilise. That clearly hasn't happened.