Agricultural prices are on a dramatic increase again, now just 40% off the 2008 highs...crisis mode back in the news:

http://www.bbc.co.uk/news/business-11177214

The UN called for an emergency meeting for September 24th to adress out of control prices and food riots:

http://www.guardian.co.uk/business/2010/sep/05/commodities-food-drink-industry

As we all know, phosphate use in India & China is low compared to the rest of the world and increased use will help agricultural production. The tide is very much in our favor, we just need management to come through.

I wouldn't be surprised if there was a buyout offer. In the recent industry buyout frenzy, offers have ranged about 25% - 50% above pre-offer market cap. If we have similar offers, that would put us at $0.85 to $1. So long term, I would rather go with a partnership depending on funding...as long as dilution doesn't kill us shareholders.