Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Price of Phosphate

Aug 12, 2009 07:47AM

Aug 12, 2009 08:23AM

Aug 12, 2009 09:57AM

Thanks guys for that information as to the current price. So are we all agreed that for the time being we (Lgdi) are selling Phosphate Rock and that its price is around $150 per ton?

That certainly would explain why the stock price is restrained. However I remain bullish particularly as it seems to me Legend are putting the production jigsaw together during an downturn with the aussie government doing everything to facilitate. The should be just about to ramp up production to tie in with a global economic pick up which has to impact positively on commodities especially essential food related ones.

Thanks again

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