Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: New Analyst Coverage for LGDI - Patersons

All,

I was very pleased to see fresh analytical coverage of LGDI initiated by a reputable Australian firm called Patersons. www.psl.com.au

Patersons published a detailed 32 page report on April 15th and covered every aspect and inherent risk related to Legend, and it is easy to read and digest.

In this report they noted the share value of the stock based on meeting specific milestones, including:

Current real sp value - $1.05

Partner Announcement $2.09

Funding Completed - $4.53

Design & Construction 75% complete - $5.23

at 85% complete - $5.93

100% complete $6.97

I would recommend your contacting Patersons to download your own copy of this report.

I too have been holding this stock for going on 3 years and have ridden it up and down, but expect it turn back around as Nomura helps finalize a deal with a partner. We can still see anywhere from $2.00 to $5.00 per share by the end of 2011.

Related to Wengfu's BS, I for one would rather see his posts ignored than addressed. if he had a bullish point of view I would read it gladly. All that he/she/it has is a mean streak and unsubstantiated BS.

Still long & strong LGDI

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