Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Unbelievable

Unbelievable

posted on Sep 04, 2008 07:18AM

I cannot credit it. We now have a company with $130 million in cash and a world class proven reserve of highly valuable phosphate and a market cap which is now just $230 million. That values the entire find at $100 million! That is equal to 250,000 tons of phosphate. Was I dreaming or did some company called IFFCO not sign a deal to take 3 - 4 million tons a year? It can only be a matter of time until sanity returns and this stock gets a proper valuation. Meantime hold on tight - the white knuckle ride cannot last forever. If it gets much lower we should buy the company ourselves

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