Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: can someone explain!

That is great that they are fast tracking there production in 2009.

By then the markets may have turned around for the better.

He have a M/C of approx. 95 mil. which is a mere micro-cap.

If we mine 1 mil. metric tons x $400 ton = 400 mil. next year.

(I do not know what the current price is for phosphate).

I know we will have capex expenses but laying down a rail sounds

a lot cheaper than laying down slurry piping, Also by next year

we will most likely be listed on the AMEX (we just have to get over $2.00) and TSX. Also of note POT has a P/E of 6.25.

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