Thanks for that. It can only be bullish for the price of phosphate and therefore makes Legend even more attractive. The only scary word is nationalisation. However Australia is an open economy not given to such measures and besides with a relatively small population they would hardly need such large reserves domestically. If other countries do nationalise, it would reduce availability and boost the price of the tradeable quantities. Some day soon this potential is going to be refelcted once again in the share price.