The reality is that Legend can make money selling Phosphate at todays prices. They will turn a nice profit per metric ton and have a solid business.

The good news is that todays low market prices for Phosphates are expected to rise substantially in 2010, which coincides with their production shipment schedule.

We can all be relatively confident that what would be a good return on investment at todays phosphate prices will yield a much improved return on investment at the prices that are projected for next year.