I see your point and view about Joe G., but maybe he sees this phosphate project as his "new" gold mine? I don't know all the projects Joe and his people have going besides LGDI, but I assume this is his largest holding. Someone can correct me if I'm wrong. I still could see him involved in other projects and be neck-deep in LGDI too.
I don't know what his involvement in gold producing mine is currently, but if he wants to profit from mining gold he should have already been at that party. The gold run won't last forever and we all know how long it takes to get a gold mine up and running.