Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Bid broke 50

There are approx 226 S/O at .52 = approx 117.2 M/C. A few months ago they

had approx. 125 mil in cash which I do not know is in Aussie or US dollars.

I do not know what there momthly cash burn rate is to run the company but

we should still be at or near M/C of our company. A lot of my gold juniors are

trading at just above cash value compared to there M/C. I quess after the

bear market of 2008 anything looks good. One thing I like is that we are supposed

to start shipping product in Q4 2009. So when we start showing cashflow in 2010

we should really start moving. Along with a more senior listing Amex, TSX this

puppy should be a moneymaker for us and the company. We are just in the beginning of good things to come. These speculative juniors can loose or make a great deal of money. But I think we are starting to move out of the speculative

phase with more news to come and production. As we move closer to production

people will feel more comfortable with this stock and start buying. One day

we might see Cramer screaming BUY LEGEND-that will be my sell signal to

move on to find the next promosing junior. Oh one more thing one day we will be cash flow positive which really makes a stock move not just speculation.GLTA

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