Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: bear market, bull market

I've been thinking for a long-time that Iffco should offer LGDI a higher price now in exchange for lower prices in the future as there is a 50 yr. supply of rock? The specialty products will require a small portion of the reserves. I can't see Iffco or Wengfu giving up their stakes in LGDI as both countries have a mandate to secure future strategic supplies for their respective countries!! There is no doubt in my mind that Wengfu will come aboard for this reason. Everyone seems to be so worried about future dilution, but it will only increase the value of the entire project to offer shares in return for assured financing of the build-out!! Wengfu coming to N.Y. is a big-deal and should reveal all we need to know.

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