Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: It's been so long.....

Forgot what we are waiting for????

Found it!!! Waiting on "bankable" feasability study due out this quarter.

Results from the initial Paradise Feasibility Study completed in Q2, 2010, the current and ongoing FES(feasability expansion study) work and the Paradise Ore Reserve estimates will be combined into one encompassing Definitive Feasibility Study (DFS) which will be sufficient as a Bankable Feasibility Study. The DFS results will be reported to the market upon completion which is expected early in Q1, 2011. Parts of the DFS will also form the basis of EPC tender documents which will go out to selected companies who have the capability to complete the engineering, procurement and construction of the Mt. Isa Fertilizer Complex and the Paradise South Flotation Beneficiation Plant. Reporting of estimates, either for Ore Reserves or capital and operating costs for the expanded production scenario of 1.2 Mtpa DAP/MAP and 30 Ktpa of AlF3 will therefore be deferred until completion of the DFS in early Q1, 2011.

Wonder what Nomura has found for us?? Would sure like to get some kind of update soon.Would be nice to capitalize on the favorable market conditions for agriculture and fertilizer stocks.

ONE BILLION TONS OF PHOSPHATE....what's it worth to the right buyer??

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