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.

about 13 years ago

in response to dgou1218's message

That is exactly the point that I was trying to make.

When looking at the value per share of LGDI, one needs to factor in the price of a share of NAD as well, since LGDI owns half of the company.

NAD is already a publicly traded company and does not need to be spun off into anything else. In principle, you already own these shares through your owneship of LGDI. LGDI could sell this interest to produce a good amount of operating capital, without causing any share price dilution at all. Interesting idea!

There were other potential diamond assets that belong to LGDI that the company once upon a time announced they would spin off. We haven't heard about that in ages. It may be time to start pressuring LGDI to come clean on their plans for that spin off.

The game is far from over ...