Why not sell the Kola Deposit

ELM has two world class deposits – Kola and Dougou. Kola has been thoroughly explored and is the main focus of the latest Scoping Study Update. Why not separate the projects and sell the Kola deposit to someone of the likes of Dingyi, who has the capital needed to develop it. Dingyi spent close to $10 million on due diligence for Kola during their takeover offer, so they would be a prime candidate. Sell it for say 33c ($120 million), just over half of their original offer. It seems someone is accumulating at 18c and wouldn't be surprised if it is Dingyi.

ELM can then focus of further exploring and firming up Dougou, which recently produced the highest grades of potash ELM has intercepted. ELM would then have significant cash in the bank to aggressively drill Dougou. This coupled with the extensive historical drill hole data recently obtained could see Dougou turned into an even bigger deposit than Kola. Something needs to happen to turn the down trend around.