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.

almost 13 years ago

in response to jalbiglog's message

IFFCO is after the rock, not the end product of MAP & DAP.

IFFCO will be investing in the plant that is required to break down the rock, not the plant to create fertilizers. This makes perfect sense, and sounds like IFFCO is making this investment to accelerate their purchase of raw materials. This is all positive.

This project alone can turn LGDI profitable in calendar year 2012. This alone could bring the sp back to the $2. range next year.

LGDI is still working to find an equity partner for fertilizer production which will be the catalyst to propel the stock to much higher multiples.

That is the bigger announcement / partnership that we are all waiting for.