Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: I just spoke to Mordi Gutnick

and he was very upbeat about the LGDI prospects going forward. He said they are doing what they are doing as far as bidding out the plant to make some competition for Wengfu. He said that no matter what happens Wengfu will be in the mix. It's just a matter of how big they come onboard. He said all of the major fertilizer players at very interested in a piece of the Company and as soon as they can bid out the project they'll know who wants it more. As others here have noted they are trying to get the best deal possible. They want to get off the OTC and list on a better exchange too. The diamond mine spin-off should happen before the end of year.

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