Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: 10Q released -As of March 31, 2011, the Company had A$18,362,000 in cash

I took note of the same point that you did.

LGDI is now officially registered as a Development Stage company.

It may not have been highlighted, but I think that this was the strongest point in the document. The days of calling Legend an Exploration Stage company are now behind us.

I heard a rumor that Joe Gutnick was back in China this week, which could only mean that he is meeting with potential partners in person. I still feel comfortable with my prediction that something big will be announced by the end of the summer.

I also found interest in Legends 31% ownership in Northern Capital resources (www.northerncap.net) as this sounds like yet another tangible asset that Legend will spin off to us shareholders at some point in the not too distant future.

It is time to start buying more shares on the cheap, as this may be the last opportunity to buy in at under a dollar.

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