Legend International Holdings, Inc

The company currently holds an initial Australian JORC code compliant Inferred Mineral Resource Estimate for a partial area of Paradise South which has been completed and reports a total of 72 million tonnes @ 17% P2O5 at a minimum cut off grade of 12% P2O5.

While this is not the announcement that we have all been waiting for, it is still a significant announcement for the following reason:

Assuming that LGDI management is negotiations with potential investors/partners/buyers this MOU with Alcoa is one more important offtake agreement that is now in place.

Time to market once the partner comes on board will be that much faster

The value of the deal will be enhanced by this

All in all there is some forward movement, even if it still appears to be at a snails pace.

The turn around for this company and us shareholders could come very quickly.

Let's hope for a positive partnering announcement soon!

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Phosphate King
City
New York City
Rank
President
Activity Points
7196
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Date Joined
04/28/2008
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Legend International Holdings, Inc
Symbol
LGDI
Exchange
OTCBB
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226,399,674
Industry
Metals & Minerals
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