Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Takeover Candidate

Good point and bear in mind the BHP offer was at 14 times earnings.

In a couple of 3 years we could have a company making more that 100 million giving a value based on 14x of 1.4 billion, which I think would translate to $6 a share.

And that's just for the Phosphare operation. By then we will also have the soin off.

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